Value Added Tax Act 1994 Schedule 1 paragraphs 16–19

Supplementary

Schedule 1 paragraphs 16–19 set out supplementary rules that apply across the whole of Schedule 1, covering how supply values are calculated, notification requirements, and the meaning of key terms used throughout the Schedule.

• The value of any supply of goods or services for the purposes of the registration thresholds in Schedule 1 must be worked out on a VAT-exclusive basis — that is, as though no VAT were chargeable on the supply.
• Any notification required under Schedule 1 (for example, notifying HMRC that a registration threshold has been exceeded) must be made in the form, manner and with the particulars specified in regulations or by HMRC in accordance with those regulations.
• The term "registrable" means either liable to be registered or entitled to be registered under Schedule 1.
• All references to "supplies" in Schedule 1 mean supplies made in the course or furtherance of a business.