| Heading: |
Small Businesses: VAT |
| Question ID: |
1798126 |
| UIN: |
48799 |
| House: |
Commons |
| Date tabled: |
2025-04-28 |
| Asking Member ID: |
5330 |
| Asking Member display name: |
Mr Peter Bedford
|
| Asking Member handle: |
peterabedford
|
| Asking Member Twitter reference: |
@peterabedford
|
| Member interest: |
false |
| Question text: |
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of increasing the VAT registration threshold on levels of growth of small and medium-sized businesses. |
| Is named day: |
true |
| Date of holding answer: |
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| Date answered: |
2025-05-06 |
| Date answer corrected: |
|
| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
4797 |
| Answering Member display name: |
James Murray
|
| Answering Member handle: |
jamesmurray_ldn
|
| Answering Member Twitter reference: |
@jamesmurray_ldn
|
| Correcting Member ID: |
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| Correcting Member display name: |
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| Correcting Member handle: |
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| Correcting Member Twitter reference: |
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| Answer text: |
At £90,000, the UK has a higher VAT registration threshold than any EU country and the joint highest in the OECD. This keeps the majority of businesses out of the VAT regime altogether. |
| Original answer text: |
|
| Comparable answer text: |
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| Answering body ID: |
14 |
| Answering body name: |
Treasury |
| Tweeted: |
true |