As announced in March 2015, the VAT registration threshold increased by £1,000 to £82,000, and the deregistration threshold increased from £79,000 to £80,000 as from 1 April 2015.
Pre-announced changes to prompt payment discounts also came into force from 1 April 2015. From this date business can no longer automatically charge VAT to customers on the value of their sale less any prompt payment discount.