Budget 2010 - Registration Threshold Changes The taxable turnover threshold, which determines whether a person must be registered for VAT, will increase from £68,000 to £70,000, from 1 April 2010.
The taxable turnover threshold which determines whether a person may apply for deregistration will be increased from £66,000 to £68,000.
The registration and deregistration limits for relevant acquisitions from other European Union Member States will also be increased from £68,000 to £70,000.
Please call Nick Hunt if you require any further advice.
|