Been on the Customs & Excise web site today, re: The budget - Dont know where I got the idea of £150,000 vat threshold, Im sure I saw it somewhere last year (must have been wishful thinking) anyway, the Vat threshold goes up to £58,000 as of April 1st this year, an increase of £2,000 and you can deregister if your turnover went below £56,000 in the previous 12 months, or you have good reason to believe it will be below £56,000 in the next 12 months.
Dave.