- Increasing tax base could help growth
- Removing people from tax scope might stifle growth
- VAT registration threshold acts as disincentive for small businesses
- Businesses limit growth to avoid VAT threshold
- Threshold limits businesses’ ability to contribute to economy
Source: claritastax.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
