Kevin Hollinrake MP believes a 3% hike in VAT would balance out scrapping ‘anachronistic’ business rates Conservative MP Kevin Hollinrake has reiterated his call for the abolition of business rates ahead of next month’s Budget on March 3. Business rates, he said, are “anachronistic” and should be replaced instead by a 3 per cent increase…
Roadblock: 49% of businesses that export into Europe are struggling with the new rules post Brexit Half of mainly small business exporters that send goods into the EU are facing difficulties trading post Brexit. For manufacturers the problems are just as bad, with 51 per cent finding life exporting to Europe more difficult after Brexit,…
Value added: it costs anything between £3,000 and £5,000 to register for VAT in each EU member state Businesses selling goods into Europe face having to pay for VAT registration in all 26 EU countries, costing up to £130,000. Britain left the EU on January 1 and small businesses now have to register for VAT…
Woman wearing protection face mask with British flag against coronavirus in front the of Big Ben, London, England Businesses are calling for further support to help them stave off collapse following the government’s shock imposition of Tier 4 on Saturday. Specifically, business lobby groups are calling for the business rates holiday to be extended for…
Most Uber drivers do not charge VAT because they fall under the £85,000 income threshold Self-employed Uber drivers, those who make a living renting out rooms on Airbnb, and other gig economy workers could find themselves having to pay VAT. The Treasury is eyeing slapping VAT on self-employed gig workers and others in the sharing…
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