The UK Office of Tax Simplification (OTS) has launched a public consultation on an interim report identifying areas of complexity in the UK VAT regime. As provided in the report, there are eight main areas identified: Identifying the implications of a high registration threshold | The UK VAT registration threshold, at GBP 83,000, is much higher than most other countries' (generally closer to GBP 20,000 across all countries with a VAT system or equivalent). This influences and distorts business behaviour. Would it be less distortive if the UK's threshold were lowered to bring in more businesses? If so, how would...