The measure

The taxable turnover registration threshold for VAT will increase from £68,000 to £70,000.

The taxable turnover deregistration threshold for VAT will increase from £66,000 to £68,000.

The registration and deregistration thresholds for relevant acquisitions from other EU member states will increase from £68,000 to £70,000.

Who will be affected?

Any business whose taxable turnover is close to the current VAT thresholds for registration and deregistration.

When?

The new thresholds will have effect from 1 April 2010.