Submitted on Tuesday 21st March 2017
Rejected on Thursday 30th March 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Stop crippling small business by changing VAT and Tax rules.
This government has systematically introduced changes in Tax and VAT rules that specifically hit small business throughout the UK. Higher NI contributions, Employer Pension Contributions, Lower Director dividends, and now the virtual disappearance of Flat Rate VAT Savings. This needs to end.
From 1st April 2017, the benefits of Flat Rate savings will virtually disappear for the majority of Contractors. HMRC has proposed a new flat rate percentage of 16.5% for any business of any industry if they are classified as Limited Cost Trader. 16.5% equates to 19.2% of sale and therefore the saving is the very small amount of just 0.8%. So naturally anyone spending more than 0.8% on Vatable expenses will be worse off continuing on the Flat Rate Scheme from 1st April 2017.
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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.
petition.parliament.uk/petitions/
petition.parliament.uk/petitions/175433
3.128.171.192 Thu, 21 Nov 2024 11:16:18 +0000
