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 from other European Union (EU) member states also increased from £79,000 to
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 from other European Union (EU) member states also increased from £79,000 to
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