Budget 2016: changes to registration and deregistration limits

With effect from 1 April 2016 the VAT registration threshold has increased from £82,000 to £83,000. Businesses will be expected to account for VAT once the value of taxable supplies in a 12 month period exceeds this figure. Businesses may still register for VAT voluntarily even if their value of taxable supplies is below the threshold.
A VAT registered businesses may deregister if the value of its taxable supplies in the previous 12 months is below £81,000.