VAT relief for small business
VAT relief for small business
Mar 3, 2020
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Here’s what that really means 👇 💰 The current VAT threshold sits at £90,000 - meaning small business owners don’t have to charge VAT until they pass that turnover. 📉 The new proposal would drop that to just £30,000. That means thousands of self-employed people - tradesmen, consultants, landlords, Airbnb operators, trainers - would be forced to register for VAT, charge 20% extra on everything, and hand it straight to HMRC. In plain English: more tax, less profit, and more paperwork. The govern
0:06
Here’s what that really means 👇 💰 The current VAT threshold sits at £90,…
82K views5 months ago
FacebookSamuel Leeds
Here’s what that really means 👇 💰 The current VAT threshold sits at £90,000 - meaning small business owners don’t have to charge VAT until they pass that turnover. 📉 The new proposal would drop that to just £30,000. That means thousands of self-employed people - tradesmen, consultants, landlords, Airbnb operators, trainers - would be forced to register for VAT, charge 20% extra on everything, and hand it straight to HMRC. In plain English: more tax, less profit, and more paperwork. The govern
0:42
Here’s what that really means 👇 💰 The current VAT threshold sits at £90,…
34.7K views5 months ago
FacebookSamuel Leeds
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