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United Kingdom · Question · Written question

UIN 13480

Small Businesses: VAT

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

6 February 2024

Last action

12 February 2024 · Answer

Status

Answered

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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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 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

  2. 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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