UK Budget 2024 – Blog 7 – VAT
Post Author:
Anne Melville
Date Posted:
March 9, 2024
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From 1 April 2024, the VAT registration threshold and deregistration thresholds will each increase by £5,000 to £90,000 and £88,000 respectively. These thresholds had previously been frozen at £85,000 and £83,000 since 1 April 2017.
There have been no changes to the rates of VAT and the standard rate continues to be set at 20%.
The information in this blog provides only an overview of HMRC guidance and legislation in force at the date of publication and no action should be taken without consulting the detailed HMRC guidance and legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this blog can be accepted by the firm.
