Vat threshold increase

[gwokka]

just checking on how the increase in the vat threshold works?
on a 12month rolling period from April 2023 to end of March 2024 turnover needs to be below 85k to not be vat registered. Am i correct in assuming that from may 2023 to end of April 2024 turnover needs to be below 90k to not be vat registered or is there some kind of pro-rata system(e.g. turnover for may 2023 to end of April 2024 needs to be less than 85k + 5k/12 x 1, turnover for Jun 2023 to end of may 2024 needs to be less than 85k + 5k/12 x 2, and so on for future 12 month periods)

 

[Newchodge]

Rollimg 12 month period. At the end of April 2024 you do not need to register if May 2023 to end April 2024 was less than 90,000.

 

[gwokka]

thanks that's what i thought

 

[Daybooks]

…. or is there some kind of pro-rata system(e.g. turnover for may 2023 to end of April 2024 needs to be less than 85k + 5k/12 x 1, turnover for Jun 2023 to end of may 2024 needs to be less than 85k + 5k/12 x 2, and so on for future 12 month periods)

They are doing a fine job of Making Tax Difficult on their own. Please don’t give them ideas.