Have your say on government e-petitions

Immediately increase the VAT Threshold to £100,000

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)

Relevant Departments

Tagged with

Ensure ~ Face ~ Fuel ~ fuel costs ~ INCREASE ~ inflation ~ Owners ~ Reasonable ~ RISE ~ Small businesses ~ Tax ~ tax revenues ~ Treasury ~ Up ~ Years

Petition Action

Immediately increase the VAT Threshold to £100,000

Petition Details

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.

Additional Information

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.

Sign this petition
at petition.parliament.uk

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repetition.me is a Good Stuff website Mon, 05 Dec 2022 02:14:57 +0000