1 May 2008    |    Uncategorized

Changes to VAT Threasholds

With effect from 1 April 2008, the VAT Registration limit has increased to £67,000 and the de-Registration limit has increased to £65,000.

The limit for correcting VAT errors has changed from £2,000 in any quarter to the greater of £10,000 or 1% of the turnover (up to a maximum of £50,000).

Disclaimer

The information provided is for general information purposes only.

Legislation and details may have changed since this was written.  The text may not include all matters that are relevant to your individual situation.

You should not make decisions, or refrain from making decisions, without taking further professional advice about your specific circumstances.

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