Increase the VAT threshold for small businesses.
As a small business that operates on a purely residential basis - in private homes where any added VAT is not claimed back by home owners - I feel that all small businesses would benefit from a raised VAT cap which would allow them to grow and would boost the economy further.
Small companies make up 96% of the business in the UK and contribute to 33% of employment and 22% of turnover. I feel that if small companies - specifically ones that cater purely to the needs of private households where added VAT is only a hinderance for all involved - had an increased VAT threshold of anywhere between £110,000-£150,000 then they would be encouraged to grow and in doing so support the UK economy even more.
Do you support or oppose this petition?
comments powered by Disqus
Currently ranked 17,258 out of 106,455 petitions ever created.
Thursday 17 May 2018
Friday 16 November 2018