In a move designed to cut the burden of admin and the financial impact of VAT,
the VAT registration threshold is to increase from £85,000 to £90,000 from April. Although this was not as high as some commentators had hoped,
it is the first increase in 7 years and will bring “tens of thousands of businesses out of paying VAT altogether and encourage many more to invest
and grow”, Mr Hunt told MPs.
VAT registration threshold increase
Thursday, March 7, 2024