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S.I. No. 303/1993 - Value-Added Tax (Threshold For Advance Payment) Order, 1993

Type Statutory Instrument
Publication 1993-10-26
Last updated 2010-11-23
State Repealed superseded text
Text As published
Source Irish Statute Book
articles 3

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

3 amending acts · 2010-11-23, Value-Added Tax Consolidation Act 2010

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S.I. No. 303 of 1993.

VALUE-ADDED TAX (THRESHOLD FOR ADVANCE PAYMENT) ORDER, 1993.

I, BERTIE AHERN, Minister for Finance, in exercise of the powers conferred on me by section 19 (6) (h) (inserted by section 92 (c) of the Finance Act, 1993 (No. 13 of 1993)) of the Value-Added Tax Act, 1972 (No. 22 of 1972), hereby order as follows:

1.

1.

This Order may be cited as the Value-Added Tax (Threshold for Advance Payment) Order, 1993.

2.

2.

In this Order—

"the Act" means the Value-Added Tax Act, 1972 (No. 22 of 1972);

"threshold" means a threshold for the purposes of section 19 (6) of the Act;

"due date" means a due date for the purposes of section 19 (6) of the Act.

3.

3.

The threshold to be applied for the purposes of section 19 (6) of the Act to the due date which is the 1st day of December, 1993, and to each successive due date thereafter, shall be £300,000.

GIVEN under my Official Seal, this 26th day of October, 1993.

BERTIE AHERN,

Minister for Finance.

EXPLANATORY NOTE.

Section 19 (6) of the VAT Act requires that an advance payment of VAT be made in December 1993, and subsequent years, by taxable persons whose net annual VAT liability exceeds a threshold. The Order increases this threshold from £120,000 to £300,000.

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