Submitted on Thursday 4th January 2024
Rejected on Tuesday 23rd January 2024
Current status: Rejected
Rejection code: duplicate (see below for details)
Raise the VAT threshold as it’s not been increased for 5 years.
Raise the VAT threshold as it’s not been increased for 5 years.
To raise the VAT threshold from £85,000- £100,000+
When looking at the history of the VAT threshold it has increased consistently every year from 99 until 2018. The governments target of inflation when measured by the CPI is 2% so therefore why has the VAT threshold not reflected this. However given the current climate the inflation rate has been approximately 10% recently which therefore means this extra needs to be accounted. Hence the substantial increase is believed to be necessary as it has not been amended for the last 5 years.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition which calls for a similar action: petition.parliament.uk/petitions/654162
3.129.39.50 Thu, 30 May 2024 13:51:03 +0100
