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By Kate Ferguson, Senior Political Correspondent.
For Mailonline16:34 27 Dec 2018, updated 16:34 27 Dec
  • Planned EU changes would see threshold small business exemption cut to £76K 
  • If PM’s deal is passed then changes will be imposed until end of transition period
  • The warning was contained in an official report slipped out on Christmas Eve.
More small businesses could be slapped with a VAT bill if Theresa May‘s Brexitdeal is approved by MPs in next month’s crunch vote, campaigners today warned.
Proposed changes to EU rules would cut the threshold for small business exemption from charging VAT from an annual taxable turnover of £85,000 to £76,700.
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