{"id":79492,"date":"2017-03-07T07:36:10","date_gmt":"2017-03-07T07:36:10","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=f68667226b683a5e5f8baabe2ef14420"},"modified":"2017-03-07T07:36:10","modified_gmt":"2017-03-07T07:36:10","slug":"ots-moots-modernising-jaded-vat","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=79492","title":{"rendered":"OTS moots modernising jaded VAT"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\" property=\"content:encoded\">\n<p>Is the VAT system fit for the UK economy? The Office of Tax Simplification has carried out a review of VAT and identified several areas of complexity which it has discussed in an <a href=\"http:\/\/tinyurl.com\/jc25mrw\">interim report <\/a>().<\/p>\n<p>&#13;<\/p>\n<p>On the UK\u2019s VAT registration threshold (\u00a383,000 for 2016-17), the OTS said this is much higher than the EU average of \u00a320,000 and may distort business behaviour, with \u2018an unusual number of businesses reporting turnover at levels just below the threshold\u2019.<\/p>\n<p>&#13;<\/p>\n<p>It cited businesses &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<div>\n<div>\n<p>Is the VAT system fit for the UK economy? The Office of Tax Simplification has carried out a review of VAT and identified several areas of complexity which it has discussed in an <a href=\"http:\/\/tinyurl.com\/jc25mrw\">interim report <\/a>().<\/p>\n<p>On the UK&rsquo;s VAT registration threshold (&pound;83,000 for 2016-17), the OTS said this is much higher than the EU average of &pound;20,000 and may distort business behaviour, with &lsquo;an unusual number of businesses reporting turnover at levels just below the threshold&rsquo;.<\/p>\n<p>It cited businesses &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/79492"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79492"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/79492\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}