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£85,000 turnover to remain non-taxable after becoming VAT registered.

Submitted on Sunday 18th November 2018

Published on Thursday 29th November 2018

Current status: Closed

Closed: Wednesday 29th May 2019

Signatures: 16

Tagged with

remain

Petition Action

£85,000 turnover to remain non-taxable after becoming VAT registered.

Petition Details

For small businesses to grow allow taking of £85,000 (VAT threshold) to be non-taxable and exempt from VAT. Only make business pay 20% VAT on takings which exceed the threshold and not on the total taxable turnover. Currently becoming VAT registered as a small business is financially crippling.


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