Small dealers have expressed their dismay at news that Chancellor Philip Hammond is considering a plan to bring many more businesses into the VAT system by reducing the threshold for paying, write Noelle McElhatton and Laura Chesters.
Firms currently only have to charge VAT if their turnover is £85,000 or more a year, the highest threshold in the EU.
A government report last year calculated that halving the threshold to £43,000 would raise £1.5bn for the Treasury.