§ 29. Mr. David Mitchellasked the Chancellor of the Exchequer by how much the value added tax threshold would have to be raised to take into account inflation since the last change in the threshold.
§ Mr. Denzil DaviesThe VAT registration exemption limit was introduced 847W in the Finance Act 1972. It would become about £9,000 a year if it were to be raised in line with changes in the Index of Retail Prices.