Insights
What does the Spring Budget mean for VAT?
The announcement of the freezing of the VAT registration threshold for a further two years from April 2024 (until 2026) means that more small businesses and entrepreneurs will be sucked into the world of VAT. It means that the VAT threshold will not have moved for 9 years, leading to additional tax compliance costs for some entities that can ill afford those costs.
March 16, 2023
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