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New thresholds and inclusion of VAT in contract estimates

Procurement Policy Note (PPN) 10/21 provides the new threshold values for the Public Contracts Regulations and sets out a change for estimating contract values to be inclusive of VAT. The latest change will take effect from 1 January 2022.

The public procurement thresholds are revised every two years to take account of currency fluctuations, and to ensure the UK complies with its obligations under the World Trade Organisation's Agreement on Government Procurement (GPA). These thresholds are the values at which public procurement opportunities are subject to the full suite of regulations governing public contracts. 

First published 02 February 2022
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