Budget Flash (2): VAT
The Budget has removed more small firms from the VAT bracket.
From 1 April, firms with turnovers under £58,000 will not have to register for VAT and 13,000 businesses will be 'eligible to benefit from simplified VAT accounting.'
UKTECH will be continuing coverage of the issues relevant to freelancers during the day, with expert comment and analysis from Kevin Miller and freelancer tax specialists, Qdos Consulting
More to follow.
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