Value Added Tax

VAT on land

Registration threshold

The VAT registration and deregistration thresholds were previously intended to remain frozen at their present levels of £85,000 and £83,000 until 31 March 2026. In the first increase in the thresholds since April 2017, the thresholds have been increased to £90,000 and £88,000 with effect from 1 April 2024. The Budget announcement says that they will be again frozen at these new levels, but it does not say for how long.

Private hire vehicles

A High Court decision involving Uber and Sefton Metropolitan Borough Council has cast doubt on the VAT treatment of private hire vehicles. The Government will launch a consultation in April 2024 to understand the impact of the decision, and is committed to exploring a range of viable options to ensure that the court ruling does not have any undue adverse effects on the private hire vehicle sector and its passengers.


Find more about The Spring Budget here:

The Spring Budget 2024 is here!