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Should the VAT threshold be lower or higher?

Should the VAT threshold be lower or higher?
Emma Jones
Emma JonesOfficial

Posted: Wed 31st Jan 2024

Opinion is divided. The VAT threshold - currently set at £85,000 in annual turnover - is a hotly debated issue amongst small business owners and policymakers.

Those in favour of raising the threshold argue it would reduce the administrative burden on microbusinesses who would otherwise need to register, collect, and submit VAT to HMRC.

Those in favour of lowering the threshold say it levels the playing field for small firms competing with larger VAT-registered businesses and argue that raising the threshold would shift the problem to larger companies. Ahead of the March Budget, we feel this is the time to debate the point; to hear respective sides and views and discuss how reform of the VAT threshold can deliver prosperity.

Join us for this online event on 14 February at 1.30pm to hear the arguments and share your view and vote as to which direction you would like to see the threshold move.

I will have to get my arguments in order as I will be making a case against one of the sharpest tax minds in Britain!

Tax lawyer, investigative journalist, commentator, and founder of Tax Policy Associates, Dan Neidle, has kindly agreed to make the case for lowering the threshold and I will make the case for increasing, before we hear contributions from tax experts at CBI and professional accounting bodies.

To get views ahead of the session, I have a poll running here.

If you are a small business owner or accountant or policy maker interested in hearing the arguments around the VAT threshold, this is the event for you.

It's only right we are talking about VAT on Valentine's!

Emma Jones, founder, Enterprise Nation

Emma Jones
Emma JonesOfficial
Following a degree in Law and Japanese, Emma joined international accounting firm Arthur Andersen, where she worked in London, Leeds and Manchester offices and set up the firm's Inward Investment practice that attracted overseas companies to locate in the UK. In 2000, bitten by the dot.com bug, Emma left the firm to start her first business, Techlocate. After 15 months, the company was successfully sold to Tenon plc. The experience of starting, growing and selling a business from a home base gave Emma the idea for Enterprise Nation which was launched in 2006 as the home business website. The company has since expanded to become a small business membership community of over 75,000 people who benefit from events and support: online and in person. Enterprise Nation also presents a campaigning voice to government and the media on behalf of its members. In 2021, Emma was awarded a CBE for services to small businesses and entrepreneurs.

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