SME's unaware of VAT rules

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 A third of SMEs unaware of VAT rules
A study by Consumer Intelligence has revealed that 36% of microbusinesses did not know the sales threshold at which they would have to start charging customers VAT. The survey also found that among those who were aware of the threshold, 9% have deliberately capped their sales growth to stay below the VAT limit. Of those that restricted sales, 27% temporarily ceased trading to achieve this say Harris & Co chartered accountants Northampton, the specialist small business accountants

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