A common question amongst small business owners is whether or not they should register for VAT and what is the Vat Threshold? Hopefully, this guide will help you make up your mind about VAT Registration Threshold.
Am I legally obliged to register?
If you haven’t exceeded the threshold for compulsory registration you can still register voluntarily if it makes sense for you to do so.
VAT Registration Threshold and Deregistration Thresholds
- The VAT registration and deregistration thresholds will not change for 2 years from 1 April 2018.
- The taxable turnover threshold which determines whether a person must be registered for VAT will remain at £85,000.
- The taxable turnover threshold which determines whether a person may apply for deregistration will remain at £83,000.
The registration and deregistration threshold for relevant acquisitions from the other EU Member States will also remain at £85,000 whilst the UK is a member of the EU.