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Value Added Tax
10th December 2012
Laid before the House of Commons
11th December 2012
Coming into force
1st January 2013
The Treasury make the following Order in exercise of the powers conferred by section 37(1) of the Value Added Tax Act 1994(1).
1. This Order may be cited at the Value Added Tax (Small Non-Commercial Consignments) Relief (Amendment) Order 2012 and shall come into force on 1st January 2013.
2. In Article 3(2) of the Value Added Tax (Small Non-Commercial Consignments) Relief Order 1986(3), for “£40” substitute “£36”.
Two of the Lords Commissioners of Her Majesty’s Treasury
10th December 2012
(This note is not part of the Order)
This Order amends Article 3(2) of the Value Added Tax (Small Non-Commercial Consignments) Relief Order 1986 to lower the value limit for goods imported outside the European Union from £40 to £36. The amendment is made in order to comply with Council Directive 2006/79/EC, which sets the relevant limit at €45 and requires national implementing provisions to apply the equivalent in national currency by reference to the exchange rate obtained at the first working day of October. As the Euro was revalorised on 1st October 2012, the limit needs to be lowered from £40 to £36.
A Tax Information and Impact Note has not been prepared for this Instrument as it contains no substantive changes to tax policy.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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