United Kingdom · Question · Written question
UIN 89769
VAT: Registration
Original
Introduced
17 November 2022
Last action
22 November 2022 · Answer
Status
Answered
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Subjects
Discovery layer
Source updated
22 November 2022
Summary
To ask the Chancellor of the Exchequer, how many additional businesses are forecast to become registered for VAT as a result of the decision to freeze the VAT registration threshold at £85,000 for an additional two years from 1 April 2024 to 31 March 2026
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Timeline
17 November 2022
Written question
To ask the Chancellor of the Exchequer, how many additional businesses are forecast to become registered for VAT as a result of the decision to freeze the VAT registration threshold at £85,000 for an additional two years from 1 April 2024 to 31 March 2026
Source: Commons
22 November 2022
Answer
The UK has a higher VAT registration threshold than any EU Member State and the second highest in the OECD at £85,000. This keeps the majority of businesses out of VAT altogether. At Autumn Statement it was announced that the threshold would remain at £85...
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/2022-11-17/89769
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1543355
- uk · wq-1543355 · source updated 22 November 2022