Small Businesses

Summary

To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of raising the VAT threshold for (a) wine merchants and (b) other small businesses; and what steps she is taking to (a) support those businesses and (b) promote e

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Timeline

1. 25 June 2025

   Written question

   To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of raising the VAT threshold for (a) wine merchants and (b) other small businesses; and what steps she is taking to (a) support those businesses and (b) promote e

   Source: Commons

2. 4 July 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 means the majority of UK businesses are kept out of the VAT system. As set out in the Plan for Change, the Government’s priority mission...

   Source: Written answer

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• · Treasury · Answering body

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