Commentary

700/1 and 700/11 Supplement

Part V8 HMRC Notices
Part V8 HMRC Notices | Commentary

700/1 and 700/11 Supplement

Part V8 HMRC Notices | Commentary

700/1 and 700/11
Supplement

April 2019

This supplement cancels and replaces the April 2018 edition.

1 Introduction

1.1 What this notice is about

It gives details about:

  1.  

    (a)     of the current and previous registration thresholds for:

  2.  
    1.  

      •     taxable supplies

    2.  

      •     distance sales

    3.  

      •     acquisitions

  3.  

    (b)     the current and previous deregistration limits

  4.  

    (c)     the office where you should send your application form, request for cancellation or notification of changes in your details.

1.2 What's changed

This supplement confirms no changes to the VAT registration and deregistration thresholds as announced in the Budget 2018.

2 Registration limits – taxable supplies

2.1 Current threshold

The current registration threshold for taxable supplies is £85,000.

Since 1 December 2012, the standard UK registration threshold has not been available to non-established taxable persons (NETPs). If you are an NETP, you must register fro VAT if you make any taxable supplies in the UK.

Main narrative treatment—V2.134.

2.2 Previous thresholds

PeriodAnnual

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