HC Deb 20 June 1989 vol 155 c120W
25. Mr. Bowis

To ask the Secretary of State for Employment how many new registrations for value added tax by small firms were made in 1988; and if he will make a statement.

Mr. Cope

In 1987, the latest year for which figures have been published, the net increase in the number of VAT-registered businesses was 45,000, or nearly 900 a week on average. The indications are that the rate of increase during 1988 has been faster. The vast majority of VAT-registered businesses are small.

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