- Dougie Todd, Partner and Co-Head of VAT, calls for VAT simplification in the UK
- Current VAT system is complex and burdensome for SMEs
- Proposed reforms include increasing VAT threshold, Capital Goods Scheme threshold, and expanding zero-rated goods and services
- Reforms aim to make VAT system fairer, provide certainty for businesses, and encourage growth and investment
- VAT simplification is crucial for a business-friendly environment and economic growth in the UK
- Prioritizing VAT simplification could lead to long-term benefits for businesses and the economy under the new Labour Government.
Source: haysmacintyre.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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