what is the vat threshold in the uk

10 months ago 48
Nature

The VAT threshold in the UK is currently £85,000

. Businesses must register for VAT if their VAT taxable turnover is more than £85,000, and they can also choose to register if their turnover is less than £85,000

. If a business realizes that their annual total VAT taxable turnover is going to go over the £85,000 threshold in the next 30 days, they must register for VAT

. The VAT registration threshold is set by HMRC every year, and it has been £85,000 since 2017-2018, and the government has confirmed that this threshold won’t change until 31 March 2024