The thresholds for registering for VAT or joining a VAT accounting scheme from 1 April 2015. VAT thresholds Circumstance Threshold VAT registration More than £82,000 Registration for distance selling into the UK More than £70,000 Registration for bringing goods into the…
Are you ready for VAT rate increase?
As you might know from the 4 January 2011 the VAT rate in the United Kingdom will rise from 17.50% to 20%. HMRC have issued some rules and guidance in an attempt to encourage the compliance for VAT registered businesses. Businesses…