UK VAT registration threshold frozen until 2020

As announced in the October 2017 Autumn budget, the UK VAT registration threshold will remain frozen at £85,000 for resident businesses until 2020. This registration threshold only applies to resident companies, as non-resident companies must immediately VAT register if they are undertaking taxable sales in the UK.

Malta raises VAT registration threshold for resident businesses

From 1 January 2018, the Maltese government are proposing to increase the country’s VAT registration threshold from €14,000 to €20,000. This registration threshold will only apply to resident companies, as non-resident companies must immediately VAT register if they are undertaking taxable sales in Malta.

Romania raises VAT registration threshold for resident businesses

From 1 January 2018, the Romanian government will increase the country’s VAT registration threshold from RON 220,000 to RON 300,000 (approx. €65,000 to €80,000) per year. This registration threshold will only apply to resident companies, as non-resident companies must immediately VAT register if they are undertaking taxable sales in Romania.

Latvia cuts its VAT registration threshold

From 1 January 2018, the Latvian annual VAT registration threshold for resident businesses will reduce from €50,000 to €40,000 per annum. This will not affect non-resident businesses who have a nil threshold and have to register from the first sale that they make in the country.  

UK raises VAT registration threshold

From the 1 April 2017 the UK will raise the annual VAT registration threshold for UK resident businesses from £83,000 to £85,000. This threshold does not apply to non-resident businesses who face a nil VAT registration threshold and are expected to VAT register from the first sale that they make in the UK.

France raises VAT registration threshold

On 1 January 2017 France increased the annual VAT registration threshold for resident companies from €32,600 to €33,200 per annum. This does not apply to: Non-resident companies who have a nil threshold and must register for VAT as soon as they make any taxable supplies in the country. Distance selling companies who sell goods that… Read More

Italy raises VAT refund guarantee threshold

Italy has increased the EU VAT refund threshold for which it requires a certified Italian audit or bank guarantee to €30,000. In order to reduce the risk to the tax authority, refund claims above this threshold will either be audited, or the claimant will have to provide a bank guarantee to get the amounts refunded…. Read More