Value Added Tax (Hansard, 16 December 1993)

HC Deb 16 December 1993 vol 234 cc841-2W 841W

§ Sir Michael Neubert
To ask the Chancellor of the Exchequer what estimate he makes of the annual revenue which would be forgone as a result of increasing the VAT turnover threshold to £45,000.
842W

§ Sir John Cope
The revenue cost of raising the VAT registration threshold to £45,000 is estimated to be of the following order:

1993–94 (part year) 1994–95 (full year) 1995–96 (full year)

£5 million £40 million £45 million

1993–94 (part year)	1994–95 (full year)	1995–96 (full year)
£5 million	£40 million	£45 million