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This petition was submitted during the 2019 to 2024 Parliament

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Closed Reduce VAT on sales under £500 and increase VAT on sales over £50k

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We want the Government to cut the VAT rate on goods and services below the value of £500 to zero, increase VAT on goods and services valued between £50,000 to £250,000 to 25%, and increase the VAT on goods and services above £250,000 to 30%

Cutting VAT to zero on goods and services below £500 would help hard pressed low income families also many Hospitality, Catering and Small businesses, as prices should fall accordingly making goods more affordable, which could help boost the economy.

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    This petition will stay open until 30 April 2023.