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.