The number of registrations increased by 14,200 (8.1%) between 2002 and 2003, exceeding the number of de-registrations which rose by 10,400 (6.4%) over the same period.
The overall VAT-registered business population increased by 15,500 (0.9%) during 2003, according to the government’s Small Business Service.
It is widely understood that VAT registration figures give an indication of the level of entrepreneurship and general health of the business population.
But they do not give the whole picture, as start-ups only need register for VAT once their turnover exceeds £56,000. Also, de-registering does not necessarily mean company closure.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements