Raise the VAT threshold to £125,000

We believe SMEs are crippled by VAT paid on turnover, not profits, forcing them to either pass it to customers, risking loss, or cut prices to stay competitive, eating into profits.

25 Signatures

Status
Open
Opened
Monday 10th March 2025
Last 24 hours signatures
1
Signature Deadline
Wednesday 10th September 2025
Estimated Final Signatures: 33

Reticulating Splines

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We believe raising the threshold to £125,000 will ease the burden on SMEs, allowing them to grow without fear of VAT registration at lower turnover levels. We think the current threshold forces businesses to increase prices, risking competitiveness, or absorb costs, cutting profits. Many SMEs cap growth to avoid VAT, hindering innovation and expansion. We think a higher threshold will reduce administrative burdens, support growth, and align with inflation, benefiting UK SMEs and the economy.


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Constituency Data

Reticulating Splines