Reduced VAT for small business (10 year old report)

Discussion in 'Chit Chat & Introductions' started by Green Pro Clean Ltd, Feb 2, 2016.

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  1. Green Pro Clean Ltd

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    I just came across this old report from 2005 whilst doing some browsing. I personally think it has legs. I reckon we should have a petition to get Parliament to revisit this as perhaps daveyboy1 will start declaring his taxes!

    UK Government criticised over EU VAT scheme
    Posted on June 18th, 2005
    The scheme, which has been running in nine European Union (EU) member states since 2000, allows countries to let businesses in two of the following sectors charge lower rates of VAT:

    • Repair of bicycles, shoes, leather goods, clothing and household linen.
    • Renovation and repair of private dwellings.
    • Window cleaning and cleaning of private households.
    • Domestic care services.
    • Hairdressing.
    It aims to stop people in these sectors working cash-in-hand without declaring their earnings to the taxman.The trial ends in December 2005, but some EU finance ministers wish to extend it. The UK Government is not among them - even though it approved a pilot scheme on the Isle of Man.UEAPME, the European pressure group for small- and medium-sized firms, has said the delay in deciding whether to extend the trial could damage those firms already taking part."A decision needs to be taken on the VAT scheme without delay or the involved sectors will be plunged into chaos. Ending the reduced rates is not an option that should be considered. This will play into the hands of the shadow economy and have a negative impact on employment," said Hans-Werner Miller, secretary general of UEAPME.UK trial hailed a successUnder the UK trial, tradespeople involved in renovating private dwellings have been able to reduce VAT on this work from 17.5 to five per cent.Andrew Corcoran, deputy collector of the Isle of Man Customs & Excise service, said: "We feel it has had an effect on the black market, encouraged people to register for VAT, improved employment and the number of apprenticeships offered, and encouraged people to renovate old houses instead of concentrating on new ones."However, a Treasury spokesman said the UK Government was still unconvinced that the scheme offered the most effective ways of boosting employment and tackling the black market.
     
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  2. daveyboy

    daveyboy Legend
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    Cheecky bugger
    I declare everything (well almost) :whistle:
     
  3. Solarpanelcleanington

    Solarpanelcleanington Forum Addict
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    Is there some scheme where you pay a lower vat rate but don't claim it back?

    I may have just made that up.
     
  4. steve garwood

    steve garwood ginger lion
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    What's tax? :whistle:
     
  5. Green Pro Clean Ltd

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    It's that stuff that I pay copious amounts of so that you lads can collect tax credits, child benefits, council ta benefit, housing benefit and still be able to work at the same time.

    Sorry for not explaining that first! :p ;)
     
  6. steve garwood

    steve garwood ginger lion
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    Proud to say I've always paid my tax. I have a very good accountant that keeps me living the dream :thumbsup:
     
  7. daveyboy

    daveyboy Legend
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    I have an excellent accountant
    .very creative
    His name is daveyboy
    Worth every penny i don't pay him
     
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