The registration threshold
for VAT is now £77,000 from the 1st April 2012 with the
corresponding de-registration threshold set at £75,000.
From 1st December
2012, the threshold for overseas businesses trading in the UK will be removed,
(i.e. a nil registration threshold will apply), bringing the UK in line with
other European jurisdictions.
Also, by 31st
October 2012 HMRC will introduce an online VAT facility where businesses will
be able to register, deregister and amend their company details.
Footnote: the £4,000 increase in the VAT threshold is
the largest in recent years and will increase the number of businesses that
will escape the VAT net.
www.he-llp.com
0113 815 1315
15 Queens Square, Leeds, LS2 8AJ
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