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Markel Tax

13 Mar 2018

VAT registration threshold: call for evidence

Historically, the UK’s high VAT registration threshold has proven beneficial to smaller businesses, allowing them to avoid the reporting and deadlines associated with VAT. However, there is now a view that, rather than furthering the UK economy, the threshold is stopping small businesses from growing into larger, profitable businesses.

The government has therefore issued a “call for evidence” to:

  • Explore the effect of the VAT threshold on business growth.
  • Look at why businesses may manage their turnover to avoid registering
  • Consider policy solutions

All businesses affected by the threshold are invited to express their opinions on whether the £85,000 VAT registration threshold is helping them or creating a burden.

The call for evidence closes on 5 June 2018.

Tagged Value added tax (VAT) services
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Tackling the Plastic Problem

The Prime Minister launched a 25 year Environment Plan in January 2018 including a pledge to eradicate all avoidable plastic waste by 2042.