UK Raises VAT Registration Threshold.

The UK Chancellor announced in the Spring Budget that the annual VAT registration threshold will rise from to £85,000 from £83,000 The deregistration threshold will also be increased from £81,000 to £83.000 from 1 April 2017. The threshold only applies to UK resident businesses and non-resident businesses, face a nil VAT registration threshold. The only exception to this rule is EU businesses selling B2C goods over the internet, they can take advantage of the distance selling thresholds of their respective EU country.