§ Mr. Page
Figures of the number of businesses registered for VAT for 1992 to 1994, the latest year for which date are available, are given in the table:
Number of VAT registrations in the United Kingdom 1992–1994 Year VAT registrations (thousand) 1992 187 19931 191 19941 190
1 Figures for 1993 and 1994 include adjustments to allow for the increase in the VAT threshold in November 1993
DTI Small Firms Statistics Unit.
About 45 per cent. of all businesses are VAT registered, so the total number of start-ups can be expected to be around double the number of new registrations.
Almost all new businesses will have fewer than 100 employees. Research by Barclays bank plc found that women accounted for 27 per cent. of start-ups in 1995, compared with around 25 per cent. earlier in the 1990s.