05 Mar 2021 9:38 AM

In his Budget, the Chancellor announced that the VAT registration and de-registration thresholds will not change for a further period of 2 years from 1 April 2022, so will therefore remain unchanged until 31 March 2024.

The rules that continue to therefore be in place in the UK are as follows:-

  • The taxable turnover threshold which determines whether a person must be registered for VAT will remain at £85,000.
  • The taxable turnover threshold which determines whether a person may apply for deregistration will remain at £83,000.

If you have any questions regarding VAT registration in the UK or deregistration, please get in touch.

To read or download Alliotts 2021 Budget Summary please click here

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