United Kingdom · Question · Written question
UIN 89771
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, what estimate he has made of the number of additional businesses that have become registered for VAT as a result of the decision to freeze the VAT registration threshold at £85,000 from 1 April 2018 to 31 March 2022
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Timeline
17 November 2022
Written question
To ask the Chancellor of the Exchequer, what estimate he has made of the number of additional businesses that have become registered for VAT as a result of the decision to freeze the VAT registration threshold at £85,000 from 1 April 2018 to 31 March 2022
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/2022-11-17/89771
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1543358
- uk · wq-1543358 · source updated 22 November 2022