howard mcsweeney1 wrote: "VAT is the hardest, most time-consuming tax for small businesses to administer, typically taking more than a working week a year.
"Dragging more small firms into this bureaucratic regime would take hard-working entrepreneurs away from running and growing their businesses."
Yet the 'best' way to tax people? Income tax, for example, is notoriously difficult to collect with people working for 'cash in hand'.
Businesses do not 'pay' tax anyway but collect it from consumers on behalf of HMG.
What is actually needed is more VAT collected BUT with a graduated level depending on turnover of business. The sudden imposition of tax on ALL sales at a certain level means many small business chose not to expand in order to avoid 'paying' VAT. It is this which stops people 'growing' their business.
