VAT Threshold

[Findermonkey]

Just looking how much we have paid in VAT over 2012. I think if they put the VAT threshold up my company could employ more people and they would pay more tax and less would be paid out in benefits. Or is that over simplifying things?

 

[Christine Hough]

It is simplifying things. Over-simplifying I don't know.

You would need to look in detail at how many companies/jobs it affects and where you would raise the limit to.

There is a lot they could do to increase small businesses ability to employ people, and this is one.
Or reduce VAT rate which a lot are calling for.

 

[Paul_Rosser]

Just looking how much we have paid in VAT over 2012. I think if they put the VAT threshold up my company could employ more people and they would pay more tax and less would be paid out in benefits. Or is that over simplifying things?

If you are VAT registered didn't you claim back the VAT you paid out ?

 

[Scalloway]

It doesn't matter how high you raise the threshold, it will cause problems for some businesses. The UK probably has the highest threshold for registration in the EU already.

http://ec.europa.eu/taxation_custom...at/traders/vat_community/vat_in_ec_annexi.pdf

 

[SuffolkDesigns]

I would like to see the threshold lowered considerably, there are far too many non VAT registered online retailers who gain a huge pricepoint advantage over VAT registered sellers.
This would also mean more people charging VAT, so the rate could be lowered as well.

(Or am I missing out on something here?)