- UK Chancellor Rachel Reeves is considering raising the VAT threshold for businesses
- The current VAT registration threshold is GBP90,000
- Businesses with turnover below GBP90,000 are exempt from charging VAT
- Discussions took place before the summer recess
Source: marketscreener.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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