The Value Added Tax (Increase of Registration Limits) Order 2024

• Citation: S.I. 2024/307
• Sections: 2

Section 1 Citation and commencement

This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2024 and comes into force on 1st April 2024.

Section 2 Amendment of the Value Added Tax Act 1994

(1) The Value Added Tax Act 1994 is amended as follows.

(2) 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 “£85,000” substitute “£90,000” ;

(b) in paragraph 1(3), for “£83,000” substitute “£88,000” ;

(c) in paragraph 4(1) and (2), for “£83,000” substitute “£88,000” .

(3) In Schedule 9ZA (VAT on acquisitions in Northern Ireland from Member States)—

(a) in paragraph 38(1) and (2), for “£85,000” substitute “£90,000” ;

(b) in paragraph 39(1)(a), (1)(b) and (2), for “£85,000” substitute “£90,000” .