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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.

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Signatories

21

Currently ranked 529 out of 1,814 open petitions, and 16,917 out of 102,737 petitions ever created.

Status

Open

Created By

Adam Jones

Created On

Thursday 17 May 2018

Closing Date

Friday 16 November 2018

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