 Photo by Josh Appel on Unsplash | More news from the Budget of November 2017, this time looking at VAT. This might not concern many of you yet but it's worth keeping an eye on. Sign up to our newsletter for more information as it happens. There was a lot of speculation in the press over the weekend that the VAT threshold may be reduced. |
Not surprisingly it will be frozen at £85,000 for the next 2 years whilst a consultation takes place on what the threshold should really be.
The current deregistration threshold is £83,000 and will continue to be the case. Digital taxation for businesses which are VAT registered and trading above the threshold will be implemented as planned in April 2019.
The current deregistration threshold is £83,000 and will continue to be the case. Digital taxation for businesses which are VAT registered and trading above the threshold will be implemented as planned in April 2019.
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