{"id":1598,"date":"2023-01-31T00:00:00","date_gmt":"2023-01-31T00:00:00","guid":{"rendered":"https:\/\/slacc.co.uk\/index.php\/when-you-must-register-for-vat\/"},"modified":"2023-01-31T00:00:00","modified_gmt":"2023-01-31T00:00:00","slug":"when-you-must-register-for-vat","status":"publish","type":"post","link":"https:\/\/slacc.co.uk\/index.php\/when-you-must-register-for-vat\/","title":{"rendered":"When you must register for VAT"},"content":{"rendered":"<p>The taxable turnover threshold, that determines whether businesses should be registered for VAT, is currently &pound;85,000.<\/p>\n<p>The taxable turnover threshold that determines whether businesses can apply for deregistration is &pound;83,000.<\/p>\n<p>It was confirmed as part of the Autumn Statement 2022 measures that the taxable turnover registration and deregistration thresholds will be frozen at the current rates until 31 March 2026.<\/p>\n<p>Businesses are required to register for VAT if they meet either of the following two conditions:<\/p>\n<ul>\n<li>At the end of any month, the value of the taxable supplies made in the past 12 months or less has exceeded &pound;85,000; or<\/li>\n<li>At any time, there are reasonable grounds for believing that the value of taxable supplies to be made in the next 30 days alone will exceed &pound;85,000.<\/li>\n<li>The registration threshold for relevant acquisitions from other EU Member States into Northern Ireland is also &pound;85,000.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Businesses with no physical presence in the UK may also have a liability to be VAT registered in the UK if they supply any goods or services to the UK.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>The taxable turnover threshold, that determines whether businesses should be registered for VAT, is currently &pound;85,000. The taxable turnover threshold that determines whether businesses can apply for deregistration is &pound;83,000. It was confirmed as part of the Autumn Statement 2022 measures that the taxable turnover registration and deregistration thresholds will be frozen at the current [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-1598","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1598"}],"version-history":[{"count":0,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1598\/revisions"}],"wp:attachment":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}