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VAT refunds for SMEs

Submitted by Altaf Hussain on Friday 3rd April 2020

Published on Tuesday 14th April 2020

Current status: Closed

Closed: Wednesday 14th October 2020

Signatures: 193

Relevant Departments

Tagged with

Chancellor ~ Covid ~ Covid-19 ~ Economy ~ The Chancellor ~ The Government

Petition Action

VAT refunds for SMEs

Petition Details

It is now time for the government to act to save and sustain SMEs businesses. We would like the Chancellor to take the initiative to refund VAT payments back to the businesses.

Additional Information

To save all the small businesses who are facing ruin of no fault of their own. It’s time to save them and try to get our businesses up and running after the pandemic. In addition the SMEs have contributed significantly to the economy and it is now the government should help them in their hour of need.

SME are struggling to pay their suppliers and have very little surplus and therefore will not get paid whilst their businesses are closed.

This would have an adverse effect on the wider economy. We need to act now!!

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