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Roger points out the problems with UK Value Added Tax in his latest rant. Further reading: ▶ UK VAT rates explained: https://www.kashflow.com/uk-vat ▶ VAT rates for goods and services: https://www.gov.uk/vat-rates ▶ What are the Most Serious VAT Problems?: https://bit.ly/3lv99S2 ▶ Free UK VAT calculator: http://www.vatcalculator.co.uk ========================================== #VAT #ValueAddedTax | Skill Builder
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🚨 WARNING: Proposal to slash the VAT threshold to £30K This will destroy thousands of small businesses overnight. Here’s what they are discussing: Current VAT threshold: £90,000 → Small businesses operate VAT-free until they hit this → Keeps costs low for customers → Allows entrepreneurs to reinvest profits Proposed new threshold: £30,000 → Forces micro-businesses into VAT registration → 20% price increase on everything they sell → Thousands more hours of paperwork per year Who gets hit hardest
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