VAT threshold increase from £90,000 to £150,000 plan announced

NewsMidlands NewsYour MoneyThe move would be welcome for many07:58, 27 Aug 2026Updated 08:08, 27 Aug 2026VAT threshold increase from £90,000 to £150,000 plan announcedReform has promised to increase the VAT threshold from £90,000 to £150,000 if it beats the Labour Party government at the next general election.‌Reform's Robert Jenrick, the Treasury spokesperson, vowed to scrap GDPR and replace with a light-touch style privacy law and allow relatives to invest in small businesses by expanding the SEIS scheme too.‌It also said it plans to scrap the 2035 Electric Vehicle Mandate to ease pressure on tradesmen, create the £2000 Apprentice Retention Bonus, and remove Labour’s damaging work regulations.‌READ MORE DWP confirms extra £439 for state pensioners who retired before 2016It plans to rever