- 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.
Latest Posts in "United Kingdom"
- SAP Selected by HMRC to Lead Major Technology Transformation of the UK Tax System
- Supreme Court Clarifies VAT Recovery Rules for Corporate Groups After Hotel La Tour Decision
- Appeal Dismissed: Input VAT Denial and Personal Liability Upheld on Kittel Grounds for One Call Consultants
- Input VAT Denial Upheld: Kittel Assessment and Penalties Made Within Statutory Time Limit
- Boehringer Ruling: Could £2.5bn VAT Reclaims Transform UK Pharma and Healthcare Forever?
