Let’s talk about VAT

Opinion is divided.? ?

The VAT threshold - currently set at ￡85,000 in annual turnover - is a hotly debated issue amongst small business owners and policymakers. Those in favour of?raising?the threshold argue it would reduce the administrative burden on microbusinesses who would otherwise need to register, collect, and submit VAT to HMRC.? ?

Those in favour of?lowering?the threshold say it levels the playing field for small firms competing with larger VAT-registered businesses and argue that raising the threshold would shift the problem to larger companies.? ? Ahead of the March Budget, we feel this is the time to debate the point; to hear respective sides and views and discuss how reform of the VAT threshold can deliver prosperity.?

Join us for this online event to hear the arguments and share your view and vote as to which direction you would like to see the threshold move.?

I will have to get my arguments in order as I will be making a case against one of the sharpest?tax minds in Britain! ?

Tax lawyer, investigative journalist, commentator, and founder of Tax Policy Associates, Dan Neidle , has kindly agreed to make the case for lowering the threshold and I will make the case for increasing, before we hear contributions from tax experts at CBI and professional accounting bodies. ?

To get views ahead of the session, I have a poll running here. https://www.dhirubhai.net/feed/update/urn:li:activity:7158347663359303680/

If you are a small business owner or accountant or policy maker interested in hearing the arguments around the VAT threshold, this is the event for you. ?

It’s only right we are talking about VAT on Valentine’s! ??