Rejected petition SME’s :- Reduce VAT to 5% Cap fuel £1 per litre Reduce corporation tax to 10%

Rejected on 31 May 2022

A Small haulage company where fuel, which is essential, prices are impacting. We subcontract to larger companies, which review rates once a year. VAT takes a large chunk of profit. As a small company the percentage of corporation tax decimates any profits, making it impossible to look at growth.

We would like to expand and purchase/ lease our own yard to park our trucks and expand the business. This would offer more work for drivers. We have in the past paid for drivers to take the HGV test. Surely support to encourage growth is beneficial to the community, the country and the future. Should a major disaster occur, losing income, the business could fail as all haulage companies have to prove financial standing of £8000 for the first vehicle and £4500 for subsequent vehicles.

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

You may wish to sign these petitions calling for related actions:

Suspend VAT on road fuels to reduce fuel costs
https://petition.parliament.uk/petitions/610567

Reduce the standard rate of VAT to help with increased cost of living
https://petition.parliament.uk/petitions/609147

Cap profit fuel forecourt operators can make on petrol and diesel to 10p/litre
https://petition.parliament.uk/petitions/616956

You could start a petition specifically asking the Government to reduce Corporation Tax to 10%.

We only reject petitions that don’t meet the petition standards.