Budget 2014: VAT measures

As usual the 2014 Budget included the announcement of an increase in the VAT registration thresholds (to £81 000) and deregistration thresholds (to £79 000) from 1 April 2014. The registration and deregistration threshold for relevant acquisitions from other EU member states will also be increased from £79 000 to £81 000.

It has also been confirmed that as announced in the 2013 Budget legislation will be introduced to implement the changes to the place of supply of B2C supplies of telecoms broadcasting and e-services and the associated ‘mini one-stop shop’ intended to facilitate compliance under the new rules that take effect from 1 January 2015. From that date businesses supplying telecoms broadcasting and e-services to consumers will be...