Small businesses breathed a collective sigh of relief when Chancellor Philip Hammond resisted calls to lower the VAT registration threshold in Autumn Budget 2017.
The Office of Tax Simplification (OTS) made eight core recommendations for the Government to clarify the VAT system ahead of the Chancellor's speech on 22nd November 2017.
It called the current VAT registration threshold of £85,000 the most pressing issue in its Routes to Simplification report.