Tag: Growth - Tax Policy Associates

Posts tagged "Growth"

Jan 30, 2023 Analysis • Investigations

Is VAT stopping 26,000 businesses from growing? More on the VAT growth brake.

Tax Policy Associates has new data suggesting that around 26,000 businesses are stalling their growth for fear of hitting the VAT threshold. This chart deserves more attention: It shows the number of businesses at each turnover level in 2018/19. You’d expect a reasonably smooth curve, falling from a large number of small businesses on the […]

Jan 2, 2023 Analysis

Why VAT may be a brake on UK growth, and how to fix it

UPDATE: new data suggests the situation is now much worse than suggested in this article. Please see our latest report for the details. This chart should keep the Chancellor up at night. It shows the number of businesses by turnover band. You’d expect a reasonably smooth curve, falling from a large number of small businesses […]

broken china

Jan 1, 2023 Analysis

5 ways to fix the UK tax system

This is a version of the article published by the Sunday Times on 1 January 2023 – it summarises some of the themes I wrote about in 2022, and some more that I’ll be writing about in 2023. Kwasi Kwarteng’s “fiscal event” last September was widely perceived as a disaster, but at its heart was […]