Commentary

V2.157 Registration of overseas traders making taxable supplies in the UK—introduction

Part V2 Registration – deregistration

V2.157 Registration of overseas traders making taxable supplies in the UK—introduction

Registration—overseas traders (with effect from 1 December 2012)

V2.157 Registration of overseas traders making taxable supplies in the UK—introduction

Removal of registration threshold for overseas traders

The registration threshold, ie the level of turnover below which a business is not required to register for VAT, is derived from Directive 67/228/EEC, art 14, and is now preserved by Directive 2006/112/EC, Title XII, Chapter 1, Section 2. In particular, Directive 2006/112/EC, art 286 states 'Member States which, at 17 May 1977, exempted taxable persons whose annual turnover was equal to or higher than the equivalent in national currency of 5 000

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