Chancellor disappointed some conservatives with only limited rise in threshold, but said he was restricted by Northern Ireland protocol
Jeremy Hunt has privately admitted to colleagues that he cannot further raise the VAT threshold for UK businesses because of EU rules.
The chancellor announced in his budget on Wednesday that businesses would no longer have to pay VAT if they had a turnover of less than £90,000, an increase from the previous threshold of £85,000.
Continue reading… The Guardian Read More Chancellor disappointed some conservatives with only limited rise in threshold, but said he was restricted by Northern Ireland protocolJeremy Hunt has privately admitted to colleagues that he cannot further raise the VAT threshold for UK businesses because of EU rules.The chancellor announced in his budget on Wednesday that businesses would no longer have to pay VAT if they had a turnover of less than £90,000, an increase from the previous threshold of £85,000. Continue reading…
