The Value Added Tax (Increase of Registration Limits) Order 2017
| Jurisdiction | UK Non-devolved |
| Citation | SI 2017/290 |
| Year | 2017 |
2017 No. 290
Value Added Tax
The Value Added Tax (Increase of Registration Limits) Order 2017
Made 7th March 2017
Laid before the House of Commons 8th March 2017
Coming into force 1st April 2017
The Treasury make the following Order in exercise of the powers conferred by paragraph 15 of Schedule 1 and paragraph 9 of Schedule 3 to the Value Added Tax Act 19941:
Citation and commencement
1. This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2017 and comes into force on 1st April 2017.
Amendment of the Value Added Tax Act 1994
The Value Added Tax Act 1994 is amended as follows.
2. The Value Added Tax Act 1994 is amended as follows.
3. In Schedule 1 (registration in respect of taxable supplies: UK establishment)—
(a) in paragraph 1(1)(a), (1)(b), (2)(a) and (2)(b), for “£83,000” substitute “£85,000”;
(b) in paragraph 1(3), for “£81,000” substitute “£83,000”; and
(c) in paragraph 4(1) and (2), for “£81,000” substitute “£83,000”.
4. In Schedule 3 (registration in respect of acquisitions from other member states)—
(a) in paragraph 1(1) and (2), for “£83,000” substitute “£85,000”; and
(b) in paragraph 2(1)(a), (1)(b) and (2), for “£83,000” substitute “£85,000”.
Guto Bebb
David Evennett
Two of the Lords Commissioners of Her Majesty’s Treasury
7th March 2017
EXPLANATORY NOTE
(This note is not part of the Order)
This Order, which comes into force on 1st April 2017, amends Schedules 1 and 3 to the Value Added Tax Act 1994 c.23(“the Act”).
Persons who make taxable supplies or acquisitions from other Member States (“acquisitions”) must be registered for the purpose of the Act if the value of the taxable supplies or acquisitions that they make exceeds a prescribed value subject to an exception where the value of the taxable supplies in the next 12 months will be below a prescribed value. The values are prescribed in Schedule 1 and Schedule 3 to the Act respectively. This Order increases the prescribed registration values from £83,000 to £85,000 and in cases that fall within the exception, from £81,000 to £83,000.
Persons registered in relation to taxable supplies or acquisitions...
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