VAT registration and deregistration thresholds

 

From 1 April 2017

£

From 1 April 2016

£

From 1 April 2015

£

From 1 April 2014

£

From 1 April 2013

£

Registration threshold

85,000*

83,000

82,000

81,000

79,000

Deregistration threshold

83,000*

81,000

 80,000

79,000

77,000

 

 

 

 

 

 



*At Budget 2021, the Chancellor announced that the VAT registration threshold and VAT deregistration threshold are frozen until 31 March 2024.

VAT registration and deregistration thresholds: earlier years

 

From
1 April 2012

£

From
1 April 2011

£

From
1 April 2010

£

From
1 May 2009

£

From
1 April 2008

£

Registration threshold

77,000

73,000

70,000

68,000 67,000

Deregistration threshold

75,000

71,000

68,000

66,000 65,000


Registration threshold

VAT registration is compulsory if:

  • Taxable turnover for VAT purposes in the previous 12 months exceeds the threshold.
  • Taxable turnover is expected to go over the threshold in the next 30 days alone.
  • A VAT-registered business is taken over as a going concern.

Deregistration threshold

If 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.

VAT scheme thresholds

Scheme Turnover to join Turnover to leave
Flat Rate Up to £150,000 Over £230,000
Cash Accounting Up to £1.35 million Over £1.6 million
Annual Accounting Up to £1.35 million Over £1.6 million

 


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