Submitted by Bruce Hewison on Thursday 17th November 2022
Published on Tuesday 22nd November 2022
Current status: Open
Open until: Monday 22nd May 2023
Current Signatures: 25
(count is updated approximately hourly)
Immediately increase the VAT Threshold to £100,000
The VAT threshold has been £85,000 for several years but now due to increased fuel costs and a massive rise in inflation, costs for small businesses are spiralling and many face decreasing earnings and profits.
Reducing costs to businesses by increasing the VAT threshold should mean increased profits and could lead to higher tax revenues to the treasury.
Increasing the VAT threshold should help ensure small business owners have a reasonable income and incentive increasing earnings up to the new threshold. It could be a win for both sides.
If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.
184.108.40.206 Mon, 05 Dec 2022 02:14:57 +0000