John Davision, Indirect Tax Partner, Baker Tilly, reports on the recently-formed Small Business Forum
John Davision Indirect Tax Partner Baker Tilly reports on the recently-formed Small Business Forum
It is recognised that VAT can be a burden upon small businesses as they do not have the infrastructure of larger businesses and are less able to deal with complex VAT issues. Often the problems facing a small business are the same as those facing a large business. Customs & Excise recognise this and have recently formed a Small Business Forum with the aim of minimising compliance burdens on small businesses wherever possible. We have seen a number of changes over the years to assist small businesses: higher VAT registration thresholds special schemes (cash annual and flat rate accounting) seminars etc....
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John Davision, Indirect Tax Partner, Baker Tilly, reports on the recently-formed Small Business Forum
John Davision Indirect Tax Partner Baker Tilly reports on the recently-formed Small Business Forum
It is recognised that VAT can be a burden upon small businesses as they do not have the infrastructure of larger businesses and are less able to deal with complex VAT issues. Often the problems facing a small business are the same as those facing a large business. Customs & Excise recognise this and have recently formed a Small Business Forum with the aim of minimising compliance burdens on small businesses wherever possible. We have seen a number of changes over the years to assist small businesses: higher VAT registration thresholds special schemes (cash annual and flat rate accounting) seminars etc....
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