VAT threshold increase could boost growth for small businesses.
FSB proposes vital VAT reforms
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VAT threshold increase could boost growth for small businesses.
Paper VAT registration to be removed from mid-November.
Current tax system is an obstacle to growth.
Eligible businesses can set up payment plans online.
Businesses will need to follow MTD for VAT rules.
Businesses cite pricing and hidden costs as a concern.
Default surcharge to be replaced by a fixed rate, points based system.
Businesses have until November to become MTD-compliant.
Scheme cuts costs caused by mistakes, HMRC says.
Just 29% know how to become MTD compliant.
Rules apply to all VAT-registered firms from April.
Cut would deliver ‘Brexit dividend’ but ignore other commitments.
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