VAT threshold for UK businesses limited by EU rules, Hunt admits privately

Jeremy Hunt has privately admitted to colleagues that he cannot further raise the VAT threshold for UK businesses because of EU rules. The chancellor announced in his budget on Wednesday that businesses would no longer have to pay VAT if they had a turnover of less than £90,000, an increase from…#jeremyhunt #vat #northernireland #northernirelands #conservatives #greatbritain #treasury #jacobreesmogg #guardian #davidjones

Source: Reuters: Health - March 7, 2024 Category: Consumer Health News Source Type: news