VAT reg thresholds
VAT registration and deregistration thresholds
| From 1 April 2012
£ |
From 1 April 2011 £ |
From 1 April 2010
£ |
1/5/2009 to 31/03/2010 £ |
1/4/2008 to 30/04/2009 £ |
|
| Registration threshold | 77,000 | 73,000 | 70,000 | 68,000 | 67,000 |
| De-registration threshold | 75,000 | 71,000 | 68,000 | 66,000 | 65,000 |
Registration threshold
If taxable turnover for VAT purposes in the previous 12 months exceeds the threshold.
Or,
VAT registration is compulsory if either of the following applies:
- VAT taxable turnover may go over the threshold in the next 30 days alone.
- When a VAT-registered business is taken over as a going concern.
Deregistration threshold
If VAT taxable turnover for the year is less than or equal to the deregistration theshold or it is expected to fall below it in the next 12 months, a business has the option of deregistering – if it wants to.
