The thresholds for registering for VAT or joining a VAT accounting scheme from 1 April 2017.
VATÂ thresholds
Circumstance | Threshold |
VATÂ registration | More than ÂŁ85,000 |
Registration for distance selling into the UK | More than £70,000 |
Registration for bringing goods into the UK from the EU | More than £85,000 |
Deregistration threshold | Less than £83,000 |
Completing simplified EC Sales List | £106,500 or less and supplies to EU countries of £11,000 or less. |
VAT accounting scheme thresholds
VATÂ accounting scheme | Threshold to join scheme | Threshold to leave scheme |
Flat Rate Scheme | ÂŁ150,000 or less | More than ÂŁ230,000 |
Cash Accounting Scheme | ÂŁ1.35 million or less | More than ÂŁ1.6 million |
Annual Accounting Scheme | ÂŁ1.35 million or less | More than ÂŁ1.6 million |