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Reduce VAT on sales under £500 and increase VAT on sales over £50k

Submitted by Thomas Henderson on Wednesday 19th October 2022

Published on Monday 31st October 2022

Current status: Deleted

Signatures: 16

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Tagged with

Caused ~ Disabled ~ Equal ~ Identity ~ NEGATIVE ~ People ~ progress ~ Replace ~ Victim

Petition Action

Reduce VAT on sales under £500 and increase VAT on sales over £50k

Petition Details

We want the Government to cut the VAT rate on goods and services below the value of £500 to zero, increase VAT on goods and services valued between £50,000 to £250,000 to 25%, and increase the VAT on goods and services above £250,000 to 30%

Additional Information

Cutting VAT to zero on goods and services below £500 would help hard pressed low income families also many Hospitality, Catering and Small businesses, as prices should fall accordingly making goods more affordable, which could help boost the economy.


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