Search Legislation

The Value Added Tax (Increase of Registration Limits) Order 1987

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Opening Options

 Help about opening options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Statutory Instruments

1987 No. 438

VALUE ADDED TAX

The Value Added Tax (Increase of Registration Limits) Order 1987

Made

17th March 1987

Laid before the House of Commons

17th March 1987

Coming in to force:

articles 1 and 2 —

18th March 1987

article 3

1st June 1987

The Treasury, in exercise of the powers conferred on them by paragraph 12 of Schedule 1 to the Value Added Tax Act 1983(1), hereby make the following Order:

1.  This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 1987 and shall come into force on the following dates:

articles 1 and 2

18th March 1987

article 3

1st June 1987

2.  In paragraph 1 of Schedule 1(2)to the Value Added Tax Act 1983 (liability to be registered)—

(a)for “£7,000” there shall be substituted “£7,250”, and

(b)for “£20,500”, in each place, there shall be substituted “£21,300”.

3.  In paragraph 2 of that Schedule (termination of liability to be registered)—

(a)for “£20,500”, in both places, there shall be substituted “£21,300”, and

(b)for “£19,500” there shall be substituted “£20,300”.

Tim Sainsbury

Michael Neubert

Two of the Lords Commissioners of Her Majesty’s Treasury

17th March 1987

Explanatory Note

(This note is not part of the Order)

This Order increases the VAT registration limit from £20,500 to £21,300 per annum and the single quarterly limit from £7,000 to £7,250 with effect from 18th March 1987.

The Order also increases the limits for cancellation of registration with effect from 1st June 1987. The limit is increased from £20,500 to £21,300 where cancellation is sought on the basis of past taxable turnover and from £19,500 to £20,300 where it is sought on the basis of expected future taxable turnover.

The later date of implementation of the change in the cancellation limits is to allow time for potential applicants for deregistration to consider their position and to make application to their local VAT office.

(2)

Schedule 1 was varied by S.I. 1984/342, 1985/433, 1986/531

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources