The idea
I am self employed and 90% of my work is with the public and third sectors. Every month I work out and charge my clients VAT. Every quarter I pay it to HMRC. At some point in every year all my clients re-claim VAT. That's three lots of administration to get back to zero…. An exemption scheme would be great.
Why is it important?
It's important because it would save time and reduce costs.