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.Back to News
Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.Read more