Pre-Budget Report Recommendations
Posted on 21 Oct 2009
Through our membership of the Independent Retailers Confederation we have submitted a number of recommendations to the Treasury in advance of the Pre-Budget Report:
- No increase in national minimum wage in 2010
- A four-week reprieve on the VAT increase to protect independent retailers during a critical trading period so that businesses have a chance to handle the administrative changes without the added pressures of Christmas trading.
- The planned increase in the Employers' Rate of National Insurance to be delayed until economic growth resumes to the level on which the November 2008 announcement was based.
- A review and increase of the VAT Registration Threshold, ideally to £100,000
