News – 10.04.24
Form PF: Are you up to speed with the latest developments?
Through this insight we will bring to your attention the main changes in a bitesize manner so that you can stay abreast of the requirements as they may apply to your firm. … Read more
Insight – 16.04.24
US and UK tax on carried interest
US and UK tax on carried interest … Read more
Upcoming event – 29.04.24
Governance code updates and advice for Further Education colleges from Buzzacott and the ESFA
Join Buzzacott and the ESFA for a governance update for further education colleges … Read more
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The taxable turnover threshold, which determines whether a person (e.g. an individual, company, partnership or charity) must be registered for VAT, will remain at £85,000 until 31 March 2024. The de-registration turnover threshold, which determines whether a person may apply to deregister for VAT will remain at £83,000 until 31 March 2024. Due to the effect of inflation, the freezing of the threshold gradually brings more small entities into the VAT net, and makes it more difficult for small businesses to avoid registration by say taking a month off or closing for short periods.
Businesses operating near the threshold level should monitor their taxable turnover on a monthly basis to ensure they do not miss an obligation to register, as there are penalties for late registration. For more information on the above, or for advice tailored to you, fill out the form below and one of our VAT experts will be in touch to discuss your requirements.
The taxable turnover threshold, which determines whether a person (e.g. an individual, company, partnership or charity) must be registered for VAT, will remain at £85,000 until 31 March 2024. The de-registration turnover threshold, which determines whether a person may apply to deregister for VAT will remain at £83,000 until 31 March 2024. Due to the effect of inflation, the freezing of the threshold gradually brings more small entities into the VAT net, and makes it more difficult for small businesses to avoid registration by say taking a month off or closing for short periods.
Businesses operating near the threshold level should monitor their taxable turnover on a monthly basis to ensure they do not miss an obligation to register, as there are penalties for late registration. For more information on the above, or for advice tailored to you, fill out the form below and one of our VAT experts will be in touch to discuss your requirements.
If you have an enquiry about how the Budget affects you, your business or charity, complete the form below and one of our experts will be in touch with you.
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