HC Deb 19 May 1992 vol 208 c77W
Mr. David Atkinson

To ask the Chancellor of the Exchequer if he will make proposals to the European Commission to substantially raise the tax threshold of VAT for small businesses; and if he will make a statement.

Sir John Cope

The Government support the Commission's proposal for a VAT directive for small and medium-sized enterprises. However, the Government would wish to see a significant increase in the optional higher threshold which, as currently proposed, is below the United Kingdom threshold, which is the highest in the EC.

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