VAT registration and deregistration thresholds

  1/4/2011 to 31/3/2012

£

1/4/2010
to 31/3/2011

£

1/5/2009
to 31/03/2010

£

1/4/2008
to 30/04/2009

£

Registration threshold 73,000 70,000 68,000 67,000
De-registration threshold 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.

 

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