UK Budget changes to VAT registration threshold and Air Passenger Duty
- 20 March 2013 | Richard Asquith
The 2013 UK Budget, published yesterday, included just a few changes to the indirect tax regime. These included:
- The UK VAT registration threshold was increased from GBP 77,000 per annum to GBP 79,000 per annum. In addition, the VAT registration threshold for business receiving goods from other EU countries, ‘Acquisitions’, also increased to GBP 77,000. The new thresholds apply from 1 April 2013. They are based on rolling 12 months sales (not calendar month sales).
- Air Passenger Duty will also rise for economy flights from GBP 2 to GBP 4. Long-haul flight tax rises to up to GBP 18 from 1 April 2013.
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.