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Isle of Man Increases VAT Registration and Deregistration Thresholds

04 April 2024

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Approved Changes

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Isle Of Man

The Isle of Man Government recently published a notice from Treasury on an increase in the VAT registration and deregistration thresholds to IMP 90,000 and IMP 88,000, respectively, from 1 April 2024, which is in line with the UK thresholds. --- VAT registration and deregistration thresholds to increase from 1 April 2024 The Treasury advises that the VAT registration and deregistration thresholds are to increase on 1 April 2024. With effect from the 1 April 2024 the VAT registration threshold (above which persons making taxable supplies are required to register and account for VAT) is increasing from £85,000 to £90,000....