Other Matters
VAT
From 1 April 2027, the VAT registration threshold remains at £90,000 and the deregistration threshold at £88,000.
The government has announced that online marketplaces will be responsible for collecting VAT on sales by UK VAT-registered businesses and any other UK businesses with a minimum annual sales threshold per platform of £90,000. The rules will not apply to non-business sales, second-hand goods or business-to-business transactions. The changes will come into effect from October 2027.
From April 2029, VAT invoices will be required to be issued and received in a prescribed electronic format. The government has published an implementation roadmap, setting out further details about e-invoicing and a timeline on when it will share further information and publish guidance.
High Value Council Tax Surcharge
The Budget confirmed that, from April 2028, residential properties valued at £2 million or more will be liable to an additional charge, the High Value Council Tax Surcharge.
Electric Vehicle Excise Duty
From 1 April 2028, the Electric Vehicle Excise Duty will apply to Battery Electricity Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Hydrogen Fuel Cell Electric Vehicles (HFCEVs). The rates of tax will be 3p per mile for BEVs and HFCEVs and 1.5p per mile for PHEVs.
© This publication is published for the information of clients. It provides only an overview of the regulations in force at the date of publication and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this publication can be accepted by the authors or the firm.
