UK VAT threshold to be removed for non-UK businesses in Dec 2012

14th December 2011


Following an ECJ case (Schmelz C-97/09), the UK VAT registration threshold, will be removed, in the case of any non-UK businesses. This removal will bring the UK in line with other Member States where the threshold for non-resident companies is currently already “Zero”.  The threshold, currently £73,000 per annum, will still be applicable for UK businesses.

The removal of the threshold, in the case of non-UK businesses, will take effect from 1st December, 2012. This could affect a variety of different non-UK businesses and their VAT compliance requirements such as, for instance:

 

  • Non-UK Event companies organising  International Conferences in UK;
  • Non-UK businesses who import their own goods into UK in order to make UK domestic sales;
  • Non-UK traders who purchase goods in UK and then re-sell them domestically in UK;
  • EU Market traders, who sell  goods as stall-holders or at stands at Exhibitions or Sporting, or Cultural events such as Music concerts and Festivals.

 

Any companies who think that they may be affected and wish further information or VAT registration & VAT compliance services should contact TMF at enquiries@tmf-vat.com

 

 
 
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