United Kingdom · Question · Written question
UIN 24329
Small Businesses: VAT
Introduced
15 January 2025
Last action
22 January 2025 · Answer
Status
Answered
Sponsors
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Subjects
Discovery layer
Source updated
22 January 2025
Summary
To ask the Chancellor of the Exchequer, what assessment her Department has made of the impact of the VAT (a) threshold and (b) rates on the (i) growth and (ii) financial sustainability of small businesses.
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Timeline
15 January 2025
Written question
To ask the Chancellor of the Exchequer, what assessment her Department has made of the impact of the VAT (a) threshold and (b) rates on the (i) growth and (ii) financial sustainability of small businesses.
Source: Commons
22 January 2025
Answer
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. The Government’s approach to the VAT threshold and applicable rates a...
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/2025-01-15/24329
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1755717
- uk · wq-1755717 · source updated 22 January 2025