Amendment of the Law

Part of the debate – in the House of Commons at 1:54 pm on 8th March 2017.

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Photo of Kit Malthouse Kit Malthouse Conservative, North West Hampshire 1:54 pm, 8th March 2017

Like my right hon. Friend, I welcome the easing for businesses below the VAT threshold, but does he recognise that for those businesses over the VAT threshold, and they are not necessarily enormous businesses, that are struggling with some of the additional burdens that he mentioned, not least auto-enrolment, business rates and the changes to dividend taxation, particularly for owner-managers—I declare an interest as an owner-manager—accommodating the new system within the next 12 months will be a challenge and have a significant compliance cost?