1997_si_316

S.I. No. 316/1997 - Value-Added Tax (Eligibility To Determine Tax Due By Reference To Moneys Received) Order 1997

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Statutory Text (3 Articles)

ISB SI

Reg. 1 S.I. No. 316/1997 - Value-Added Tax (Eligibility To Determine Tax Due By Reference To Moneys Received) Order 1997 Open official source

1. This Order may be cited as the Value-Added Tax (Eligibility to Determine Tax Due by Reference to Moneys Received) Order, 1997.

ISB SI

Reg. 2 S.I. No. 316/1997 - Value-Added Tax (Eligibility To Determine Tax Due By Reference To Moneys Received) Order 1997 Open official source

2. The amount specified in section 14(l)(b) (inserted by

section 97

(a) of the

Finance Act, 1994

(No. 13 of 1994)) of the

Value-Added Tax Act, 1972

(No. 22 of 1972), is hereby increased to £500,000.

GIVEN under my Official Seal, this 17th day of July, 1997.

Charlie McCreevy

Minister for Finance.

EXPLANATORY NOTE

Section 14(l)(b) of the VAT Act allows a taxable person with a turnover of not more than £250,000 to use the moneys received basis of accounting for VAT. The Order increases that turnover amount to £500,000.

ISB SI

Preamble S.I. No. 316/1997 - Value-Added Tax (Eligibility To Determine Tax Due By Reference To Moneys Received) Order 1997 Open official source

S.I. No. 316 of 1997.

VALUE-ADDED TAX (ELIGIBILITY TO DETERMINE TAX DUE BY REFERENCE TO MONEYS RECEIVED) ORDER 1997

I, Charlie McCreevy, Minister for Finance, in exercise of the powers conferred on me by section 14(1B) (inserted by

section 131

of the

Finance Act, 1995

(No. 8 of 1995)) of the

Value-Added Tax Act, 1972

(No. 22 of 1972), hereby order as follows

S.I. No. 316/1997 - Value-Added Tax (Eligibility To Determine Tax Due By Reference To Moneys Received) Order 1997

Statutory Text (3 Articles)

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