Forum

PRO

VAT threshold to be lowered ?

I've long believed that the VAT threshold should be lowered or abolished to provide every business a level playing field, to reduce cash-no-vat transactions, encourage growth and generate additional tax revenue. It's a subject much discussed on LJN in the past.

The Government's OTS has just published its first review of VAT thresholds, hence are actively considering options to simplify the already complex VAT area.

Various financial pundits are suggesting a reduction to £26K or even £20K could be on the cards, with some even hoping for a £0 threshold (unlikely, I'd suggest).

The FSB produced a White Paper some time ago and are expected to review its recommendations for the SME sector to the Government.

So, it's a "watch this space" situation for now............

You need to be a member of Landscape Juice Network to add comments!

Join Landscape Juice Network

Email me when people reply –

Replies

                    • PRO

                      Well there is slight growth still, but I had had enough this year, so I just told everyone that I was finished at the end of October, and to just contact me if they want/need another mow. No one has yet though, and in another 2 weeks I'll be 'winterising' all my kit till spring :)

                    • PRO

                      I would find it very hard if not impossible to go and do this work for an employer now , It's just the way it is.  To me self employment is liberating . 

            • PRO

              Yes if it's a one man band from a lower income section of society. I'd far rather him be out with his Astra estate and second hand tools charging £12 an hour than on benefits. For this reason I'd have to say I'd prefer VAT at £20k rather than zero I think.

  • PRO

    I have suggested to the powers that be that a flat rate of 10% would be good. Then the difference between getting a " cash job" done by smaller companies with less resources and health and safety overheads would be more attractive to residential customers who where not VAT registered. 20% is too much of a difference and householders are more likely to go for the lesser amount even though its quite possible they are getting lesser trained and insured companies to do the work with little or no recourse. VAT for smaller companies really isnt something to be scared of as their are many benefits to being VAT registered. I think this needs to be explained more and more support given to smaller companies. There is support out there but many smaller companies either don't know about it or are less confident in talking to some of these buisness support agencies,

  • PRO

    The number being passed around at the moment seems to be £43k, although there's nothing concrete yet.

    • PRO
      We should open a ‘book’ ;-) .........
  • Vat already kills 50 percent of my quotes since moving out of London. Adding 200 quid to every grand is an inessential cost to most domestic home owners, especially when the tax use of our government is questionable at best. Also I am loathe to take cash payment so would hope for an improvement in government spending before lowering vat threshold,
  • PRO

    Well it was held for the next two years, essentially a small lower I suppose due to inflation.

    • PRO
      Oh good! Really couldn't be doing with the hassle of becoming vat registered when I'm trying to simplify my business and down size.
This reply was deleted.

Industry Jobs

Landscape contractor

Landscape contractor required for Landscaping company based in Surrey. Candidate should have minimum five years experience and be  proficient in laying Paving, Brickwork, fencing, operating an excavator and general Landscaping tasks. A clean driving licence also required.

Experienced gardener

Grove Gardens is an established landscape gardening business in Brighton and Hove and we are currently looking for an experienced gardener to join our team. You must be a highly motivated individual with a professional attitude to your work. Experienced in garden maintenance and a good plant knowledge. A full driving licence is essential. Competitive

Landscape and grounds maintenance operative

Landscape and grounds maintenance operative required for a well established landscaping company based in south wales. Looking for an enthusiastic and well motivated worker who works well as part of a team or on their own.  Must have at least 3 years experience in landscaping/ grounds maintenance and sports ground maintenance and renovation. The roles

Grounds Maintenance Operative

The purpose of the Grounds Maintenance chargehand/team leader position is to carry out a range of duties to support the running of contracts. This will include operating machinery, towing a trailer, grass cutting, hedge cutting and general grounds maintenance duties, able to work on own initiative to complete daily work to a high standard The Grounds Maintenance Team Leader will

Business Objectives Group (BOG)

PRO

Webb Lawnmowers, opinions?

Hi everyone, I have a small business, just me, and do mainly garden maintainence and weeding/planting along with other jobs such as jetwashing and so on as I have a number of elderly customers who always ask for very small "other" jobs. I cut lawns,…

Read more…
0 Replies

Latest blog post

Trade green waste centres

If you've received help from the Landscape Juice Network and you'd like to say thank you, why not make a small donation?

The site is maintained as an indpendent industry resource and it's become an essential tool for those working in the landscape industry.

Thank you

Phil Voice

Founder Landscape Juice

Make a donation

LJN Sponsor

Advertising

Blogs