Petition · past parliament · HM Treasury
Reduce the standard rate of VAT for small businesses
Closed
43 signatures
What the petition asks
Currently the VAT charge for most goods and services stands at 20%. We would like the government to reduce this for small businesses.
Small businesses are suffering hugely from the cost of living crisis. With gas and electricity costs so high and combining that with a 20% VAT rate for most goods and services means many small businesses are struggling to break even. We would like the Government to reduce the standard VAT rate for small businesses.
Timeline
| 2 Jan 2024 | Petition opened for signatures |
| 29 May 2024 | Closed to new signatures |
Key facts
Signatures
43
Status
Closed
Department
HM Treasury
Opened
2 Jan 2024
Closed
29 May 2024
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Source: the official petition page. Last checked 15 Jul 2026.