http://www.legislation.gov.uk/uksi/2012/883/madeThe Value Added Tax (Increase of Registration Limits) Order 2012VATenKing's Printer of Acts of Parliament2012-03-21VALUE ADDED TAXThis Order increases the VAT registration limits for taxable supplies and for acquisitions from other member States from £73,000 to £77,000, with effect from 1st April 2012.Statutory Instruments2012 No. 883Value Added TaxThe Value Added Tax (Increase of Registration Limits) Order 2012Made20th March 2012Laid before the House of Commons21st March 2012Coming into force1st April 2012

The Treasury, in exercise of the powers conferred by paragraph 15 of Schedule 1, and paragraph 9 of Schedule 3, to the Value Added Tax Act 1994

1994 c.23.

, makes the following Order:

Citation and Commencement
1.

This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2012 and comes into force on 1st April 2012.

Amendment of the Value Added Tax Act 1994
2.

The Value Added Tax Act 1994 is amended in accordance with articles 3 and 4.

3.

In Schedule 1 (registration in respect of taxable supplies)—

(a)

in paragraph 1(1)(a) and (b) and (2)(a) and (b), for “£73,000” substitute “£77,000”; and

(b)

in paragraphs 1(3) and 4(1) and (2), for “£71,000” substitute “£75,000”

The amounts in Schedule 1 were last varied by S.I. 2011/897.

.

4.

In Schedule 3 (registration in respect of acquisitions from other member States) in paragraphs 1(1) and (2) and 2(1)(a) and (b) and (2), for “£73,000” substitute “£77,000”

The amounts in Schedule 3 were last varied by S.I. 2011/897.

.

Angela WatkinsonMichael FabricantTwo of the Lords Commissioners of Her Majesty’s Treasury20th March 2012EXPLANATORY NOTE(This note is not part of the Order)

This Order increases the VAT registration limits for taxable supplies and for acquisitions from other member States from £73,000 to £77,000, with effect from 1st April 2012.

This Order also increases the limit for cancellation of registration in the case of taxable supplies from £71,000 to £75,000, and in the case of acquisitions from other member States from £73,000 to £77,000, with effect from 1st April 2012.

A Tax Information and Impact Note has not been prepared for this Instrument as it contains no substantive changes to tax policy.