Policy paper

VAT: revalorisation of registration and deregistration thresholds

This tax information and impact note applies to small businesses which are either currently outside the VAT regime, or are registered for VAT, and make taxable supplies below the current thresholds.

Documents

Details

The measure will increase the registration and deregistration thresholds for VAT and EU acquisitions in line with inflation, raise the turnover limit for Income Tax self-assessment ‘3 line accounts’ to align with the VAT registration threshold.

Published 16 March 2016