Suspend VAT for all businesses - No VAT during COVID-19

Rejected 21 signatures

What the petition asks

The idea is relatively simple:

• Suspend all VAT for small businesses
• Businesses still submit VAT returns as normal
• Businesses owing VAT will not pay (zero on account)
• Business owed VAT rebates will still claim them

This money is desperately needed to help companies stay afloat over the spring and summer months due to the COVID-19 pandemic. This will not be a loan, grant or bailout so will be exempt from interest and repayments. This money is currently INSIDE all VAT registered businesses and Q1 is due to be paid to HMRC at the end of the next quarter.

This could be the difference between staying afloat or closing for 100,000s of businesses across the UK by utilising money already INSIDE the economy.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

You may wish to sign this petition calling for the same action: Zero VAT during the Coronavirus Crisis.

You can find out more about coronavirus and how you can protect yourself and others here:

NHS website: https://www.nhs.uk/conditions/coronavirus-covid-19/
UK Government website: https://www.gov.uk/coronavirus

You can read NHS tips to help if you are worried about coronavirus here: https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips

Timeline

18 Mar 2020	Petition opened for signatures
31 Mar 2020	Rejected by the Petitions Committee

Key facts

Signatures 21

Status Rejected

Rejected 31 Mar 2020

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