Amendment of the Value Added Tax (Payments on Account) Order 19932.
The Value Added Tax (Payments on Account) Order 19932 is amended as follows—
(a)
in article 2(1) in the definition of “the basic period” for “£2,000,000” substitute “the figure specified in article 5(1) or 6(1)”;
(b)
in article 5(1) for “£2,000,000” substitute “£2,300,000”;
(c)
in article 6(1) for “£2,000,000” substitute “£2,300,000”;
(d)
in article 7 for “£1,600,000” substitute “£1,800,000”; and
(e)
in article 16(1) for “£2,000,000” substitute “the figure specified in article 5(1) or 6(1) respectively”.