Raise VAT threshold to £150,000 turnover for small business

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Raise VAT threshold to £150,000 turnover for small business

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If the threshold for a small business to become liable to charge VAT was raised to £150,000 many doors would open.
Small business would become attractive again as prices would be cheaper.By removing 20% VAT from VAT inclusive prices and maybe making a small price increase of 10% on their basic prices small business overheads become more affordable producing more profit. More profit means growth, growth means employment. Job done!

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