Friday's Fortnightly Tax Tip 

With effect from the 1st April 2024, the VAT Registration threshold was increased from £85,000 to £90,000. 
 
This means, if your business' taxable turnover in any 12-month rolling period reaches the VAT Threshold of £90,000, you will by law be required to register for VAT with HMRC. 
More information can be found here
 
 
 
For more guidance call the team at Holmes Accountancy on 01908 315716 or contact us here
 
The tax tip is provided for general guidance only; further advice should be sought, for specific issues. 
 
Tagged as: VAT
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