The threshold above which businesses must register for VAT is to rise to £64,000 from 1 April 2007.
The Value Added Tax (Increase of Registration Limits) Order 2007 (SI 2007/941) increases the VAT registration limits for taxable supplies and for acquisitions from other member States from £61,000 to £64,000, with effect from 1st April 2007.
This Order also increases the limit for cancellation of registration in the case of taxable supplies from £59,000 to £62,000, and in the case of acquisitions from other member States from £61,000 to £64,000, with effect from 1st April 2007.
Link
Statutory Instrument 2007/941
About The Author
Sarah Laing
Editor, TaxationWeb News
Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences).
Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession.
Please register or log in to add comments.
There are not comments added