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20 July 2026

Threshold changes impact SMEs

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. What is the new SSCL registration threshold?

  2. What was the previous SSCL registration threshold?

  3. When did the reduced SSCL registration threshold take effect?

  4. According to the article, which type of business is likely to be affected by the new threshold?

  5. According to the article, what major challenge might smaller businesses face?

  6. Why are many SMEs concerned about the lower registration threshold?

  7. What advantage will businesses gain once they become VAT-registered?

  8. According to the SME owner interviewed, what will their business do with the SSCL portion of its revenue?

  9. As well as access to accountants, what forms of support does FCCISL recommend for SMEs?

  10. According to FCCISL, what is the greatest risk for smaller traders who delay registration and bookkeeping?

1 unit

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