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Lowering VAT Threshold Risks Breaching Labour’s Manifesto, Warns Self-Employed Association

  • Lowering the VAT threshold would breach Labour’s manifesto, warns IPSE.
  • IPSE highlights limited options for the government due to previous tax commitments.
  • Sole traders may face challenges if the VAT threshold is reduced.
  • Reports suggest the threshold could be cut to £30,000.
  • IPSE argues this change would breach government commitments.

Source: allianceaccountants.co.uk

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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