Carousel_Arrow Chat IHT_trust_wills IR35 Login Mobile Menu Share Share Email SubMenuMobile VAT View_Gallery View_List capital_allow Triangle 2 Copy Close construction cyberpro employment_tax_shares emplyer_solutions entrepreneurs_corps fee_protect Go grant_fund Group i_Clock i_Consult i_Done i_Eligibility_Tick i_Enter i_Filter i_HMRC i_Negative i_Play i_Plus i_Reset i_Support_Legal i_Support_TaxDesk i_Support_VAT i_Tick noun_marketing_1872083 noun_online_2126759 i_download i_meet Group Copy 24 Group 18 noun_electrical_1240755 copy noun_Technology_2125422 noun_Science_2031115 i_tick_bullet_block international_tax patent_box private_client property_sdlt r_and_d reliefs_incentives Search specialist_tax status tax_indemnity valuation
icon_cookie Created with Sketch. Cookies

We use cookies on this website. You can choose to accept them all or to opt out of some. You can change your consent at any time by opening this window again

This includes all necessary technical and session cookies, plus performance, tracking and persistent cookies.

If you choose this option, we will block all performance, targeting and persistent cookies. Many parts of this site will then not work.

Please read the full details in our Cookie Statement.
Markel Tax

29 Oct 2018

Autumn Budget 2018 – VAT thresholds remain unchanged

The VAT registration threshold is the amount of UK turnover or EU acquisitions in a rolling 12-month period, above which a UK business is required to register for UK VAT.

Usually this threshold increased by a few percentage points each year, but was frozen in the Autumn Budget 2017 as we reported here: http://www.gabelletax.com/blog/2017/11/22/autumn-budget-2017-vat-registration-threshold-frozen/.

The government has extended the freeze of the VAT registration thresholds which will remain at existing levels for two years from 1 April 2020.

The taxable turnover threshold, which determines whether a person must be registered for VAT, will therefore remain at £85,000.

The taxable turnover threshold which determines whether a person may apply for deregistration will remain at £83,000.

This will affect smaller businesses and also those who will be caught by the new rules for Making Tax Digital for VAT, which is due to be implemented from 1 April 2019.

Tagged Budget Value added tax (VAT) services Value added tax (VAT) services
Next article in series

29 Oct 2018

Our comprehensive Autumn Budget 2018 review