Online sales tax alert: Businesses warn costs will be ‘passed onto’ consumers – get ready

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Online sales tax alert: Businesses warn costs will be ‘passed onto’ consumers – get ready

Beverley Wakefield, the co-founder of Vibrant Accountancy, was more scathing: “Whatever the Chancellor announces on Wednesday, I fear the Treasury has burnt its bridges with a huge number of small businesses that it will rely on to reignite the economy.

“While the pandemic will force more businesses to start, for the simple reason that fewer people are in jobs, I’m concerned that small business owners will be penalised in new tax measures.

After all, the Government has made it crystal clear it does not like how small business owners remunerate themselves.

“Let’s hope this isn’t the case given that small business owners are the lifeblood of our country.”

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