Raise VAT threshold to £100,000, says FSB
Published by Michael Graves on Tue, 06/02/2024 - 8:42amThe government should raise the turnover threshold for VAT from £85,000 to £100,000, according to the Federation of Small Businesses (FSB).
The business group said that this would give firms stepping into the VAT-paying ring crucial breathing space. It would also be an incentive to grow their turnover without fear of having to charge customers an extra 20% overnight, the FSB added.