United Kingdom · Question · Written question
UIN 13480
Small Businesses: VAT
Original
Introduced
6 February 2024
Last action
12 February 2024 · Answer
Status
Answered
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Subjects
Discovery layer
Source updated
12 February 2024
Summary
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of raising VAT thresholds for small business.
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Timeline
6 February 2024
Written question
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of raising VAT thresholds for small business.
Source: Commons
12 February 2024
Answer
The Government recognises that accounting for VAT can be a burden on small businesses. This is why, at £85,000, the UK has a higher VAT registration threshold than any EU Member State and the second highest in the OECD. This keeps the majority of UK busin...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2024-02-06/13480
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1687971
- uk · wq-1687971 · source updated 12 February 2024