The official site of the Prime Minister’s Office

More details from petition creator

Currently, if your company turns over more than £1.3 million per year, your company can qualify for 'Cash Accounting', meaning that any VAT raised on invoices doesn't have to be paid UNTIL those invoices have been paid by your customers.

If your turnover is above £1.65 million however, ANY VAT due on invoices raised must be paid as soon as the invoice is raised - even if the invoices in question have not been paid yet!

It is pointless for small companies in these harsh economic times to have to pay VAT for invoices that haven't been paid yet, forcing many companies to BORROW MONEY - just to pay VAT bill.

At a time when banks aren't guaranteeing lending, or not passing on the interest rate cuts, and with the bail out (remember that?) not stopping credit lines being closed off, small buisinesses are struggling.

By making all SMEs - with a turnover of up to £500m per year - eligible for Cash Accounting, the Government could free up to £36bn in short-term liquidity for small businesses this year alone.

Please sign this petition, and help small businesses.

Current signatories

Gavin Wheeldon, the Petition Creator, joined by:

• laurie wood
• Matthew Connaughton
• Abdullah Rhodes-Taylor
• Mr Partis (petitions.pm.gov.uk/reviewspeedlimit/)
• Jodie McDermott
• Rose Hardie
• James Simpson
• Sam Philpot
• Jane Bennett
• Thomas Parry
• Stephen Gauci
• Hazel Hardie
• Andrew Hart
• Sally Pigdon
• Elaine MacKenzie
• Gemma Haworth
• Matthew Wilson
• Charlotte Lees
• Jamie Kelly
• Holly Roberts
• Grace Chatten
• Louisa Bottomley
• Laura Bolton
• Alison Dean
• Lucy Robinson
• Tom Shaw
• Wendy Smith
• James Stangroom
• Adam Majeed
• Nick Weir
• Rehan Tufail
• Sarah Wilson
• Alexander Mullen
• Lisa Noelle Jackson
• Kenny Holden
• Emma Cox
• Hollie Robinson
• Kerry Hey
• Gary Pinch
• steven lowther
• R. Butterworth
• kim
• L A Shaw
• Harry Wheeldon
• Barbara Wyles
• Marie-Claire Wheeldon
• Lisa Mansfield
• Kay Robinson
• Paul Shearing
• Dr Anne White
• Craig Smith
• Christine Sofianos
• Nick Groves
• Jason Ball
• Hannah Foxall
• Catrina Clulow
• Gregoria Gonzalez
• Mark Wells
• Helen Broadbent
• Christine Connaughton
• Albane DAWSON
• Bridget
• Muhammad Tufail
• Mark Walters
• M G Turnbull
• Nigel Eatherington-Langley
• Joe Philpot
• Ben Rainforth
• Craig Smith
• Cathy Ennis
• Lee Graham Mansfield
• Tom Marshall
• Matt Holmes
• Wendy Tsang Man Pun
• Louise Keatley
• Owen O'Neill
• Nuria Bienert Ciriza
• Alison Roberts
• mike Nicholas
• Tim Oliver
• Jamie Buchanan
• helen mott
• Simon Hewitt
• Jillian Evans
• John ROberts
• Robert Penn
• Melissa Tarver
• Paul M Ford
• Annie Christie
• Emilia de Santis
• Tim Williams
• Jonathan Burrows
• Victoria Kinasz
• Glen Grant
• Mike Barley
• Saima Farooq
• James Johnson-Flint
• Ruth Bennett
• Stephen Doyle
• Christian Holland
• Linda
• Alison Burrell
• Alex Saint
• Patrick Gregory
• Giles Ripley
• Cath Murphy
• Mike Filer
• Chris Falconer
• Alex Mills
• Suzann Cook
• Lorena Courlaender
• Olivia Cornes
• Mike Taylor
• Martin Dimmock
• Victoria Crothers
• Martin Stott, Bulletin PR
• John Chacksfield
• Kathryn Hamilton
• Robert Youlda
• Richard Paradinas
• Anna Tait
• Gulstan Hussain
• Rhoda Day
• Charles Smyth
• Chris Stern
• Luke mcdermott
• Kathleen Rowden
• Scott Carlin
• Phil Hornsey
• Kelly Hadley
• Mariela Gonzalez
• Stephen W Hawkins
• Michael Clements
• Robert Cantle
• Amanda Evans
• David Miller
• Alasdair Edwards
• Ben Mitchell
• Jamie Lupton
• Trevor Pearson
• Laura Perrin
• Patrick Hilliard
• Adam Ransfield
• Gregory Stewart
• Philippa Hancock
• Pauline Crisp
• Alexander Hamilton
• Rob Patteson
• Christopher Nash
• Denise Lee Cowan
• Malvina Bernard
• Ian Warhurst
• caroline norris
• kelly harper
• Nisha Lekhi
• Alison Dooley
• Audrey Graham
• michael aldrich
• john graham
• Cash accounting
• John Basker
• Karen Kennedy
• Richard Perkins
• Ralph E Ashton
• Richard Ford
• eddie O'Keeffe
• David Farbey
• Stephen Morris
• Steve Martyn
• Sarah Sangha
• Kashif Ijaz
• Chris Burhop
• Matthew Fitzgerald
• Paul Gayton
• Tim Hoy
• Stephen Morris
• Rachel Hobbs
• Colin Parker
• James Lodder
• Lucinda Meek
• Nicola Campbell
• John Wright
• Jo Verrill, RSUK Limited
• Beryl Shepherd
• Tony Taylor
• Mark Walker
• Philip Joisce
• Mark James
• alison woollard
• Christine Maslin
• FIONA MACDONALD
• Lindsay Desmier
• Jennifer Janson
• Laura Herridge
• Mary Walker
• Paul Bonner
• Neil Redley
• colin mcneill
• Rich Stangroom
• Munawar Usman
• Alan Roberts
• Sharyn Cooper
• Julie Harper
• Paul Pilbeam
• Rob Leach
• Laura Harrison
• Rosa Mair
• Derek Galloway
• Steve Eatherington
• Steve Hayward
• Daniel Patel
• Tom Murphy
• beth owen
• Mhari-Claire Doolan
• Matthew Fogg
• John Boakye
• Ryan Sebastian Murphy
• Glen Berd
• Richard Pearce
• Nicholas Hampson
• Anouska Grassam
• Leon Waters
• Natalie Sanderson
• John Cronshaw
• Noelle Hesketh
• Dan Hawtrey
• Paul Hesketh
• Rodger Slape
• Linzi Anne Allcock
• Phil Little
• Alistair Christmas
• Ken Lucas
• Bruce Hutt
• Simon Ratcliffe
• richard watts
• Tracy White
• Peter D Swift
• Maria Quayle
• dannielle robinson
• g.vatansever
• jason green
• Nick Richards
• Lesley Sparrow
• David Clark
• Branca Gebbie
• Lauren Feagan
• Jim Murphy
• Anthony Graham Shepherd
• James
• susan wilson
• Katie Thompson
• Jerome Ziel
• Guy Sellwood
• Joe Matthews
• Zarah Louise White
• Gareth kitson
• Claire Evans
• Stephen BAlogun
• Tim McArtney
• J Steve Orchard
• Christine Macpherson
• Angela Newton
• Gordon H A Brown
• Chris Simpson
• Ian Cartwright
• Anthony Blair
• susannah
• Rosalind Parkes
• Sally Smith
• Sam Chun
• N Gikunoo
• John Selborne
• Jeff Burns
• Peter Bottomley
• Raymond M Sparrow
• david greenwood
• Roger Gale
• Jason Sweet
• D Sutton
• Paul Ferguson
• claire wakeham
• Thomas Maloney
• howard kendall
• andy hilton
• Marc Benier
• Neil Kernot
• Richard Morris
• Phil Orford, Chief Executive of the Forum of Private Business
• Craig Sanderson
• John Vincent
• Martin J THornhill
• mark robinson
• Carol Withington
• Christopher Connaughton
• Stephen Phillips
• Rabia Zaman
• Christopher Morris
• paul thompson
• Keith Roberts
• Patrick Masterson
• Petray Industries
• Mark Unitt
• Sandra Taylor
• Fran Rainforth
• Debbie Winfield
• andrew prosser
• James Lockyer
• Daryl Mullins
• Louise Jeavons
• James Anthony
• Eleanor McDonnell
• Nigel Dyke
• Robert Crowe
• Stephen John Hemingway
• Sharon Y. H. Wong
• Marion Spencer
• C L Swallow
• Paul Killik
• Andrew Hesketh
• Noyna Powell
• Jim Woodley
• Alan Crowhurst
• Mike Reynolds
• Michael O'Sullivan
• William Booth
• michael eve
• Geoffrey Oxley
• Alexandra Wakefield
• Anthony furze
• Joan Byford
• norman williams
• Martin Key
• Matthew Varley
• John Atkinson
• Stephen Glaus
• David Taylor
• T G Wright
• Paul Noel Stewart
• Natalie Futcher
• David Bridgford
• Jill Wright
• Dave Timmis
• David Evans
• Kate Rainforth
• Ian Taylor
• Mike Pyle
• David Pattenden
• Selina Langtry White
• Hywel Davies
• Linda irvine
• Craig Hosie
• john webb
• jacqueline thornton
• Graham F French
• Joanne Barton
• Heather Sear
• Steven Peers
• Emma Rowbotham
• Vanessa Reddy
• Jim Craddock
• Andrea Gregson
• Caroline Newton
• Gareth Gower
• Christopher Thompson
• John Dixon
• Jay Dodds
• Wez Morris
• David Pell
• Mandy Wheeler
• Damion Krska
• graham johnstone
• Leanne Wheeldon
• claire caudwell
• Gemma Cairncross
• lorraine tucker
• Phil Reynolds
• Andrew Turvey
• Neil Hewat
• Emma Baxter
• Mark Jones
• matthew webster
• Paul Gilbert
• Russell Clarke
• Mike Abbott
• Sarah Williams
• Clive Woodley
• Hugo Terry
• David Rush
• Gareth Ackroyd
• Brian Perry
• Tim Sutton
• kirsty reynolds
• Alison Callaghan
• shiping li
• Nicola Devlin
• Mateusz Kiecz
• Melanie Gooding
• Otto van Tuyl
• Lisa Castillo
• Marco Vercelli
• habibeh Samadi
• Roland bouchat
• Tuggen Cesmecioglu
• BERNARD CLEWS
• Malcolm Tracey
• Anne Pendlebury
• Tanja Ljubic-Brown
• Gergana Yaneva
• Irina Young
• Karolina Surma
• Maxamed Maslax
• Paul Harte
• B en Cooper
• Roberta Mussato
• Shakil Ahmed
• Rami Shah
• Joanna Spilman
• Dorota Miklasinska
• Mahnaz
• sandra robinson
• J Robertson petitions.number10.gov.uk/BankStaffTrusts/
• Richard Hugh Taylor
• Rev. Gareth Parkes
• Tina-Marie Turtle
• Dominique Lambert
• Luiz de Lacerda
• Karen Angel
• Jonathan Bryce
• Xiping Shinnie
• Sarah Diggins
• Philip Havard
• Ianthe del Tufo
• Brian Ahern
• Rachael Black
• michelle mclarnon
• Nick Howard
• Philip Lancaster
• Branislav Sopko
• Miranda Stavrakantonaki
• Samuel Morgan
• Stephen Aleck
• Setti Mulari
• Chris Pracy
• Steve White
• Brian Hood
• billy inwood
• Adam David Moss
• Ryan Murton
• Alun Foster
• Katie Lee
• Julian Hawksworth
• aine morgan
• michelle phillips
• Sharon Brundrett
• Susan Parkinson
• Alexander Blackman
• peter Gosling
• David Murray-Henderson
• Marie Murray-Henderson
• Graham Crane (petitions.number10.gov.uk/Scrap-LGO/)
• Julie Kennedy
• JRobertson (essential if you can't concentrate well for any reason)
• James Edward Tarlton
• Brian Varney
• Steve Little
• JAMES MERRILEES