Tax & Accounting Blog

U.K. Announces Changes to VAT Registration Thresholds

Indirect Tax, ONESOURCE, Sales and Use Tax, Transaction Tax March 26, 2012

In Budget 2012, presented to Parliament by United Kingdom Chancellor, George Osborne on March 21st, several changes to VAT registration thresholds were announced that will be effective from 1 April 2012. Those changes are as follows:

  • the registration threshold will be increased from GBP 73,000 to GBP 77,000;
  • the deregistration threshold will be increased from GBP 71,000 to GBP 75,000; and
  • the registration and deregistration threshold for relevant acquisitions from other EU Member States will be increased from GBP 73,000 to GBP 77,000.