ARTICLE · 22 APRIL 2009

VAT - Changes In Registration And Deregistration Thresholds

Deloitte

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The taxable turnover registration threshold will be increased from £67,000 to £68,000.

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Deloitte Tax Group

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The measure

The taxable turnover registration threshold will be increased from £67,000 to £68,000.

The taxable turnover deregistration will be increased from £65,000 to £66,000.

The registration and deregistration thresholds for relevant acquisitions from other EU member states increases from £67,000 to £68,000.

Who will be affected?

Any businesses whose taxable turnover is close to the current VAT thresholds for registration and deregistration.

When?

The new thresholds will have effect from 1 May 2009.

Our view

As expected the VAT registration and deregistration thresholds are increased again.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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