Revised public procurement thresholds from 1 January 2024

POSTED BY JENNY BERESFORD-JONES |
| 1 min read

The Public Procurement (Agreement on Government Procurement) (Thresholds) (Amendment) Regulations 2023 update the procurement thresholds slightly from 1 January 2024 for public contracts, utilities contracts, and concession contracts. 

A reminder that thresholds are now to be calculated inclusive of VAT.

However, don't forget that, while contract values are to be calculated inclusive of VAT for the purposes of assessing whether thresholds are exceeded, guidance in PPN 10/21 states that contract values inputted into Contract Notices and Contract Award Notices should continue to be stated exclusive of VAT.

Click here to download our handy pdf one-pager setting out the new thresholds.

Our content explained

Every piece of content we create is correct on the date it’s published but please don’t rely on it as legal advice. If you’d like to speak to us about your own legal requirements, please contact one of our expert lawyers.

Posted by

Search

Mills & Reeve Sites navigation
A tabbed collection of Mills & Reeve sites.
Sites
My Mills & Reeve navigation
Subscribe to, or manage your My Mills & Reeve account.
My M&R

Visitors

Register for My M&R to stay up-to-date with legal news and events, create brochures and bookmark pages.

Register
Visitor Login

Existing clients

Log in to your client extranet for free matter information, know-how and documents.

Client Extranet

Staff

Mills & Reeve system for employees.

Staff Login

Our use of cookies

To help improve your experience of our website we would like to use cookies. This means we collect some information on your activity while you are on the website. For more information read more about our use of cookies here, your setting can be changed at any time.
Please accept our use of cookies and help us improve your experience.

Accept Cookie settings
Close overlay