- VAT registration threshold in the UK increased to £90,000 in April 2024
- UK’s VAT registration threshold is the joint highest in the OECD
- Arguments for both raising and lowering the threshold are presented in the article
- UK is partly bound by EU rules regarding the level of its VAT registration threshold
- Raising the threshold could benefit small businesses by reducing administrative burden and allowing for growth
- Lowering the threshold could make businesses more competitive and increase profits for expansion
Source: icaew.com
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.
