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From:
Tax Foundation
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The UK Should Lower or Abolish, Not Raise, Its VAT Registration Threshold
https://taxfoundation.org/blog/uk-lower-abolish-vat-registration-threshold/
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The United Kingdom Treasury's proposal to increase in the value-added tax (VAT) registration threshold would hold back small business growth, reduce the efficiency of the VAT system, and lead to a revenue shortfall.
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