Only require payment of VAT on turnover above £85,000 threshold

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Only require payment of VAT on turnover above £85,000 threshold

Petition Details

We want the Government to only require businesses to pay VAT on any turnover that exceeds the £85,000 threshold for registering for VAT.

Additional Information

Small businesses are struggling enough as it is.

We believe it is not right that the you do not need to pay VAT on your first £85,000 of taxable turnover, but you are being taxable on all turnover if you are over the threshold for registering for VAT.

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