V16.106 VAT Notes No 1 2014 Budget SupplementThis supplement gives details of the changes to VAT announced at Budget 2014. Information on each of the changes is available in HM Revenue & Customs' document “Overview of Tax Legislation and Rates” (Go to https://www.gov.uk/government/collections/budget-2014-hm-revenue-customs)Increased registration and deregistration thresholdsThe taxable turnover threshold, which determines whether a person must be registered for VAT, increased from £79,000 to £81,000 from 1 April 2014. The taxable turnover threshold which determines whether a person may apply for deregistration increased from £77,000 to £79,000 from 1 April 2014. The registration and deregistration limits for relevant acquisitions
This supplement gives details of the changes to VAT announced at Budget 2014. Information on each of the changes is available in HM Revenue & Customs' document “Overview of Tax Legislation and Rates” (Go to https://www.gov.uk/government/collections/budget-2014-hm-revenue-customs)
The taxable turnover threshold, which determines whether a person must be registered for VAT, increased from £79,000 to £81,000 from 1 April 2014. The taxable turnover threshold which determines whether a person may apply for deregistration increased from £77,000 to £79,000 from 1 April 2014. The registration and deregistration limits for relevant acquisitions
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