The oncoming budget this week

[hammers4spanner]

This wont effect firms that are currently VAT registered but what do you lot think of the possible new VAT threshold of £25000 per year turn over??
Not saying it will happen but thats one figure floating about.

 

[Chalked]

I’m all for it.
Make a level playing field for everyone.

 

[hammers4spanner]

I personally think its unfair on the customer as removes the choice

 

[rpm]

This wont effect firms that are currently VAT registered but what do you lot think of the possible new VAT threshold of £25000 per year turn over??
Not saying it will happen but thats one figure floating about.

Pretty sure I read somewhere this week that the idea has been scratched for now and they are looking at a sliding scale model instead.

 

[hammers4spanner]

Either way suddenly see an influx of firms becoming VAT registered.

 

[ShaunCorbs]

Think it will be good but any works under 10-15 k vat goes to 5% so it doesn't hurt as much should increase the amount of work

 

[Harvest Fields]

Pretty sure I read somewhere this week that the idea has been scratched for now and they are looking at a sliding scale model instead.

Isn’t it sliding already?

 

[Harvest Fields]

I’m all for it.
Make a level playing field for everyone.

Been VAT registered a while have we mate?

 

[townfanjon]

Nah never happen , would create more cashjobs

 

[Ric2013]

In response to the original post, I do like the fact that small businesses and small sole traders are currently supported by having the option to pay VAT on materials and not have to charge it on labour, so it would be a bummer to have to start charging VAT. More to the point, I really could do without the extra paperwork involved.

I suppose now that the Conservative Party seems to be losing its claim to be the natural party of business, anything is possible.