If you are looking at VAT or planning your finances, please feel free to contact us. We can discuss your specific circumstances to help you plan tax efficiently.
|Annual registration limit from 01/04/2018 to 31/03/2022||£85,000|
|Annual deregistration limit from 01/04/2018 to 31/03/2022||£83,000|
|Scheme Thresholds||Registration Threshold||Deregistration Threshold|
|Cash Accounting Scheme||£1,350,000||£1,600,000|
|Annual Accounting Scheme||£1,350,000||£1,600,000|
Businesses with annual taxable turnover of up to £150,000 can register for a Flat Rate Scheme.
They must leave the Flat Rate Scheme once annual taxable turnover exceeds £230,000, or is expected to exceed £230,000 in the next 30 days.
Please contact us for further information.
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