- 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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