- The Finance Bill 2024 includes a proposal to increase the VAT registration threshold
- This means that businesses will only need to register for VAT if their turnover exceeds the new threshold
- The government believes that this change will reduce the administrative burden on small businesses
Source: research.ibfd.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
