VAT registration threshold frozen at £85,000 until 2022

October 31, 2018|In KRW Tax news|By Keith Witchell

Following a call for evidence on the design of the UK VAT threshold (which is higher than most other countries), the government have decided to freeze the registration threshold at £85,000 until 2022. With Making Tax Digital for VAT arriving in April 2019, which only applies to VAT registered businesses with a turnover above the VAT registration threshold, this provides greater certainty.

For further advice on this matter, please contact me.

Keith Witchell