Come on George - don't be mean

VAT, as we all know, went up to 20% on January 4, and small business lobbying group, the Federation of Small Businesses asked its members what they think of the effects of the rate rise.

VAT, as we all know, went up to 20% on January 4, and small business lobbying group, the Federation of Small Businesses asked its members what they think of the effects of the rate rise.

Not unsurprisingly 71% of respondents said that it would be bad for business and 45% said that business would decline as a result.

Whether it is hyperbole or genuinely meant, the FSB is now calling for the VAT rate to be dropped when, or if, the budget deficit is significantly reduced - even though the Chancellor has indicated that the change is permanent as far as he is concerned.

The FSB is also calling for an increase in the threshold before VAT has to be charged from £70,000 to £90,000.

The underlying message from the FSB is that we all need to lobby Government through whatever means are available to get VAT lowered when circumstances permit.

With a number of victories under their belt in the near 40 years of the FSB's existence, lobbying can and does work.

This was last published in January 2011

MicroScope+

Content

Find more MicroScope+ content and other member only offers, here.

Read more on Salesforce Management

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

ComputerWeekly.com

  • CIO Trends #6: Nordics

    In this e-guide, read how the High North and Baltic Sea collaboration is about to undergo a serious and redefining makeover to ...

  • CIO Trends #6: Middle East

    In this e-guide we look at the role of information technology as the Arabian Gulf commits billions of dollars to building more ...

  • CIO Trends #6: Benelux

    In this e-guide, read about the Netherlands' coalition government's four year plan which includes the term 'cyber' no fewer than ...

SearchITChannel

Close