Raise the VAT threshold to £250,000 for small businesses

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Raise the VAT threshold to £250,000 for small businesses

Petition Details

Raise the VAT threshold from £90,000 to £250,000 to support small businesses. We believe this could reduce red tape, encourage growth, and remove what we feel is an unfair penalty on growing businesses. We believe the current system discourages expansion and punishes progress.

Additional Information

We feel the £90,000 VAT threshold hasn't kept up with inflation and the current system damages growth and profit. We believe that raising it to £250,000 could support sustainability, reduce admin, and boost the economy.

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