VAT Registration & Deregistration Thresholds | Accounting Services for Business | ASfB

VAT Registration & Deregistration Thresholds | Accounting Services for Business | ASfB

  Current 1/4/2011 to 31/3/2012 1/4/2010 to 31/3/2011 1/5/09 to 31/03/2010
Registration threshold £77,000 £73,000 £70,000 £68,000
De-registration threshold £75,000 £71,000 £68,000 £66,000

 

Registration threshold

VAT registration is compulsory if any of the following apply:
  • Taxable turnover for VAT purposes in the previous 12 months exceeds the threshold.
  • VAT taxable turnover may go over the threshold in the next 30 days alone.
  • When a VAT-registered business is taken over as a going concern.


Deregistration threshold

If the VAT taxable turnover for the year is less than or equal to the deregistration threshold or it is expected to fall below it in the next 12 months, a business has the option of deregistering if it wants to.