| Heading: |
Small Businesses: VAT |
| Question ID: |
1807584 |
| UIN: |
56016 |
| House: |
Commons |
| Date tabled: |
2025-05-30 |
| Asking Member ID: |
5158 |
| Asking Member display name: |
Rupert Lowe
|
| Asking Member handle: |
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| Asking Member Twitter reference: |
Rupert Lowe
|
| Member interest: |
false |
| Question text: |
To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential impact of VAT (a) registration and (b) compliance on small businesses. |
| Is named day: |
false |
| Date of holding answer: |
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| Date answered: |
2025-06-09 |
| Date answer corrected: |
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| 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 means the majority of UK businesses are kept out of the VAT system. |
| Original answer text: |
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| Comparable answer text: |
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| Answering body ID: |
14 |
| Answering body name: |
Treasury |
| Tweeted: |
true |