This petition was submitted during the 2010-2015 parliament
Petition Raise VAT threshold to £150,000 turnover for small business
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If the threshold for a small business to become liable to charge VAT was raised to £150,000 many doors would open.
Small business would become attractive again as prices would be cheaper.By removing 20% VAT from VAT inclusive prices and maybe making a small price increase of 10% on their basic prices small business overheads become more affordable producing more profit. More profit means growth, growth means employment. Job done!
This petition is closed This petition ran for 12 months
17 signatures
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10,000 signatures required to get a government response