Come on George - don't be mean

Opinion

Come on George - don't be mean

VAT, as we all know, went up to 20% on January 4, and small business lobbying group, the Federation of Small Businesses asked its members what they think of the effects of the rate rise.

Not unsurprisingly 71% of respondents said that it would be bad for business and 45% said that business would decline as a result.

Whether it is hyperbole or genuinely meant, the FSB is now calling for the VAT rate to be dropped when, or if, the budget deficit is significantly reduced - even though the Chancellor has indicated that the change is permanent as far as he is concerned.

The FSB is also calling for an increase in the threshold before VAT has to be charged from £70,000 to £90,000.

The underlying message from the FSB is that we all need to lobby Government through whatever means are available to get VAT lowered when circumstances permit.

With a number of victories under their belt in the near 40 years of the FSB's existence, lobbying can and does work.

This was first published in January 2011

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