Statutory Instruments
VALUE ADDED TAX
Made
14th March 1989
Laid before the House of Commons
14th March 1989
Coming into force
articles 1, 2(a) and (b)
15th March 1989
article 2(c)
1st June 1989
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 1989 and shall come into force on the following dates:
articles 1, 2(a) and (b) 15th March 1989
article 2(c) 1st June 1989
2. Schedule 1(2) to the Value Added Tax Act 1983 (provisions as to liability to be registered) shall be amended as follows:
(a)in paragraph 1(1)(a)(i) for the figure “£7,500” there shall be substituted “£8,000”,
(b)in paragraphs 1(1)(a)(ii), 1(1)(b), 1(2) and 4(3) for the figure “£22,100” there shall be substituted “£23,600”,
(c)in paragraphs 1(3), 2(1) and 2(2) for the figure “£21,100” there shall be substituted “£22,600”.
Kenneth Carlisle
Alan Howarth
Two of the Lords Commissioners of Her Majesty’s Treasury
14th March 1989
(This note is not part of the Order)
This Order increases the VAT registration limit from £22,100 to £23,600 per annum and the single quarterly limit from £7,500 to £8,000 with effect from 15th March 1989.
The Order also increases the limit for cancellation of registration from £21,100 to £22,600 with effect from 1st June 1989.
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.
1983 c. 55; Schedule 1 was amended by the Finance Act 1984 (c. 43) section 12, the Finance Act 1986 (c. 41)section 10, the Finance Act 1987 (c. 16) sections 13 and 14 and the Finance Act 1988 (c. 39) section 14.