HC Deb 01 May 1985 vol 78 cc140-1W
Mr. Eggar

asked the Chancellor of the Exchequer what are the value added tax exemption thresholds for small businesses in each of the member countries of the European Economic Community.

Mr. Hayhoe

On the basis of the latest available information the situation is understood to be as follows:

Country Annual limit £ sterling Type of limit
Belgium
Denmark 733 Turnover
France 117 Tax
Germany 5,274 Tax-inclusive turnover
Ireland *20,504 Turnover
†9,842
Italy
Luxembourg 2,623 Taxable Turnover
Netherlands 537 Tax
United Kingdom 19,500 Taxable Turnover

Exchange rates as at 26 April 1985.

Greece has not yet introduced VAT.

* Where 90 per cent. of total turnover is derived from taxable goods (excluding since 23 May 1984 goods chargeable at normal and reduced rates produced wholly or mainly from zero-rated materials).

† For other traders.

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