• Isle of Man
    VAT registration and deregistration thresholds amended

    26-05-2016

    On 17 May 2016, the Parliament of the Isle of Man approved the Value Added Tax (Increase of Registration Limits) Order 2016.

    In accordance with the Order, the VAT registration threshold is increased to GBP 83,000 (previously GBP 82,000).

    In addition, the deregistration threshold is increased to GBP 81,000 (previously GBP 80,000) for taxable supplies and GBP 83,000 (previously GBP 82,000) for acquisitions.

    The above changes are effective from 1 April 2016.

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