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Value Added Tax (General) (Amendment) (No. 2) Regulations 1983

As Enacted Cited authorities 6 Cited in Amendments 1 Related
Vincent
JurisdictionUK Non-devolved
CitationSI 1983/475
Year1983

1983 No. 475

VALUE ADDED TAX

The Value Added Tax (General) (Amendment) (No. 2) Regulations 1983

28thMarch 1983

29thMarch 1983

1stApril 1983

The Commissioners of Customs and Excise, in exercise of the powers conferred on them by section 4(2) of the Finance Act 1972(a) and all other powers enabling them in that behalf, hereby make the following Regulations:

1. These Regulations may be cited as the Value Added Tax (General) (Amendment) (No. 2) Regulations 1983 and shall come into operation on 1st April 1983.

2. In the Value Added Tax (General) (Amendment) Regulations 1983(b)—

(a) for regulation 5(b) there shall be substituted the following—

"(b) for paragraph (2) there shall be substituted the following

"(2) Where, in any prescribed accounting period or in any longer period, the value of a taxable person's exempt supplies amounts to less than any of the following—

(a) £200 per month on average; or

(b) both £8,000 per month on average and 50 per cent of the value of all his supplies; or

(c) both £16,000 per month on average and 25 per cent of the value of all his supplies; or

(d) 5 per cent of the value of all his supplies,

all his supplies in that period shall be treated as taxable supplies; and, for the purpose of a longer period, "exempt supplies" includes any exempt supplies which may have been treated as taxable supplies in any prescribed accounting period."";

(b) regulation 5(c) shall be revoked.

B. H. Knox, Commissioner of Customs and Excise.

King's Beam House, Mark Lane, London EC3R 7HE.

28th March 1983.

(a) 1972 c.41, as amended by section 14 of, and Schedule 6 to, the Finance Act 1977 (c.36).

(b) S.I. 1983/295.

EXPLANATORY NOTE

(This Note is not part of the Regulations.)

The effect of these Regulations is to vary the amendments made to the...

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