Budget Review for Retail Sector
There are number of areas in the Autumn Budget that will impact on the retail sector.
The reduction in the VAT registration threshold which had been suggested prior to the budget was avoided, at least for now, with the threshold frozen at £85,000 for the next two years whilst the government consults on the matter.
Making Tax Digital is edging closer and from April 2019, businesses trading above the VAT registration threshold will need to report their VAT information through this system.
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