A number of VAT changes were introduced in Budget 2015, including the expected increase of the thresholds for registration and de-registration. Generally, the other announcements do not have widespread significance. The process for revalorising the road fuel scale charge (RFSC) is now outside the Budget process. From 1 April 2015: 1. taxable turnover threshold that determines whether a person must be registered for VAT increases from £81,000 to £82,000; 2. the taxable turnover threshold that determines whether a person may apply for de-registration increases from £79,000 to £80,000; and 3. the registration and de-registration threshold for relevant acquisitions from other member states increases from £81,000 to £82,000 (Value Added Tax (Increase of Registration Limits) Order 2015 (SI 2015/750)).
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