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United Kingdom · Question · Written question

UIN 61523

Small Businesses: Taxation

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

20 June 2025

Last action

26 June 2025 · Answer

Status

Answered

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Subjects

Taxation

Source updated

26 June 2025

Taxation

Summary

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of increasing the taxable turnover SMEs can earn in a12-month period before registering for VAT.

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

Timeline

  1. 20 June 2025

    Written question

    To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of increasing the taxable turnover SMEs can earn in a12-month period before registering for VAT.

    Source: Commons

  2. 26 June 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.

    Source: Written answer

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