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.
Registration threshold
VAT registration is compulsory if:
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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