Mixed views on VAT rise revealed

Fifty-seven per cent of small and medium-sized companies have said the recent VAT rise will make no difference to their business, according to new online research from YouGov.

London SME decision makers proved to be most confident about the 2.5 per cent increase, with 65 per cent believing it would not make a difference to their business.

However, 41 per cent of those surveyed did believe that the VAT rise would have a negative effect.

SME decision makers in the east of England were most pessimistic, with 46 per cent saying it would have a negative impact on their bottom line.

YouGov’s SME Omnibus surveys 500 senior business decision makers in small to medium-sized enterprises on a monthly basis.

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