New viewer to this channel after it suggested this video. I’m a big follower of James and have been on his podcast plus his 2023 business masterclass. Within a year my business turnover has more than doubled as a result and we continue grow. I’ll enjoy watching / listening to your back catalogue of videos.
Incentivise us to invest into the FTSE 250 and the UK markets. I put 30% of my monthly pay cheque into a SIPP. My SIPP is global but only 3% UK. There’s no incentive for people like me to invest into the UK
not sure why he considers VAT a tax on business? VAT is paid by the consumer and almost businesses pay it. i agree that business rates should be incremental though.... doesnt make sense that a brand new business trying to find its feet is paying the same as an established business. But then established businesses might say that new businesses are being given an unfair advantage. on taxes etc related to employees. errr this is how we pay for the safety net that we have in place. i disagree with removing those. its the same argument that was made years ago against the minimum wage. i think there are ways to help new businesses.... but i dont think the way to do it is to remove the protections and safety nets that we have in place in society.
It’s feels very much like a tax on the business when you come up with a new concept/product, devise a way to deliver it at a price that the public are willing to pay while still making you a margin - Then as soon as it starts working (quite miraculous when you look at the number of failed businesses), HMRC come in and say “Oh nice work mate. Right - You need to either give us that 20% margin you are making now or you need to put your prices up by 20%”. When you’re selling high-ticket items or are competing with non-VAT-registered entities, a 20% price increase can be completely out of the question so the business is forced to absorb a lot of the VAT costs. I think if we had a 10-15% VAT rate, businesses could use that spare 5% to invest in real growth.
@@danielcb7699 They are talking about European Markets. You can’t have the biggest market in Europe having opted out of the European marketplace unless you are bigger than the whole European market. IMO. It’s like James wouldn’t say he has the largest building in Europe, but only if you consider hotels of his exact size or lower.
Loved seeing this pop up in my feed! Thanks for having me on, great conversation.
Gone from the podcast earlier onto this!
It was a delight to get your episode up on our channel! Still one of our favourite episodes by far mate
New viewer to this channel after it suggested this video. I’m a big follower of James and have been on his podcast plus his 2023 business masterclass. Within a year my business turnover has more than doubled as a result and we continue grow. I’ll enjoy watching / listening to your back catalogue of videos.
This has been a great watch!! This is an accountant I could get on with, bloody hilarious well done to all
Never seen the show before but a UK business TH-cam channel with James Sinclair - That earns a sub straight off the bat!
What a great interview. Great that the algorithm put it in my feed.
Another very much underrated channel!
Incentivise us to invest into the FTSE 250 and the UK markets.
I put 30% of my monthly pay cheque into a SIPP.
My SIPP is global but only 3% UK.
There’s no incentive for people like me to invest into the UK
Great podcast. Change the intro music and I'll subscribe.
💯💯💯💯💯
haha ok. Got any suggestions with the same energy and vibe?
not sure why he considers VAT a tax on business? VAT is paid by the consumer and almost businesses pay it. i agree that business rates should be incremental though.... doesnt make sense that a brand new business trying to find its feet is paying the same as an established business. But then established businesses might say that new businesses are being given an unfair advantage. on taxes etc related to employees. errr this is how we pay for the safety net that we have in place. i disagree with removing those. its the same argument that was made years ago against the minimum wage. i think there are ways to help new businesses.... but i dont think the way to do it is to remove the protections and safety nets that we have in place in society.
It’s feels very much like a tax on the business when you come up with a new concept/product, devise a way to deliver it at a price that the public are willing to pay while still making you a margin - Then as soon as it starts working (quite miraculous when you look at the number of failed businesses), HMRC come in and say “Oh nice work mate. Right - You need to either give us that 20% margin you are making now or you need to put your prices up by 20%”.
When you’re selling high-ticket items or are competing with non-VAT-registered entities, a 20% price increase can be completely out of the question so the business is forced to absorb a lot of the VAT costs. I think if we had a 10-15% VAT rate, businesses could use that spare 5% to invest in real growth.
You can mostly reclaim the VAT as a business as well.
You can never have the biggest economy in Europe, because the UK left Europe 😂😂😂
Everything else, James makes tonnes of sense.
How can the country leave a continant? Its not left Europe.
Left the European Union, not Europe 😂
@@danielcb7699 They are talking about European Markets. You can’t have the biggest market in Europe having opted out of the European marketplace unless you are bigger than the whole European market. IMO.
It’s like James wouldn’t say he has the largest building in Europe, but only if you consider hotels of his exact size or lower.
once he mentioned brexit, cringe