News release from the The Federation of Small Businesses Up to 35,000 additional jobs could be created if the threshold at which small firms start to pay VAT was increased, said the Federation of Small Businesses (FSB) today. An FSB commissioned report by the Centre for Economics and Business Research shows that increasing the VAT threshold to
Yup, I've already got a job coming up to help an online shop make sure that all their prices are adjusted properly. Of course on the one hand that's fab for me, a bit of extra work for a familiar client... but it does seem a little unfair that small businesses like that one get kicked not only to absorb the change itself, but also to use valuable man-hours (or hire someone like me) to process the admin around the change. VirtuallyMary
This is where the bricks and mortar retail businesses will suffer the most I suppose, repricing physical stock etc. Seems to be a VAT change now every 12 months! |
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