The VAT registration thresholds have been increased to 35,000 for the supply of services, and 70,000 for the supply of goods. The new threshold for operating the cash receipts basis is 1,000,000. These changes were announced in the Budget and have taken effect on 1 March 2007.

The Revenue Commissioners have issued eBrief No. 13/2007 on the changes which is reproduced at Section 2.05.