housands more sole traders and small businesses will move into the value-added tax (VAT) system over the next three years following the government’s decision to freeze the VAT threshold at £85,000 until at least March 2026. Analysis from the Chartered Institute of Taxation suggests there are almost 100,000 businesses with turnover just below the £85,000 mark; many of them will now have
Fend off fiscal drag on VAT
Dec 02, 2022
2 minutes
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