Budget 2015 – VAT

VAT

The VAT registration threshold will increase by £1,000 to £82,000, and the deregistration threshold will increase from £79,000 to £80,000. Both changes will take effect from 1 April 2015.

Pre-announced changes to prompt payment discounts will also come into force from 1 April 2015. From this date business will no longer be able to automatically charge VAT to customers on the value of their sale less any prompt payment discount.

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Oct 19

No events today
What's the best thing about Dodd & Co? Efficient, helpful, personable, knowledgeable, I have confidence in everyone I have had dealings with. Accounts (which can be confusing to some) are explained well, making them easier to understand. And the worst? Been thinking for a while, and no - I can't actually think of anything! Julie Swan
-- Spencer Street Surgery