B

Baroness Neville-Rolfe (Con)

Speaking in the House of Lords on 5 March 2026

Debate

Small Businesses: VAT Threshold

Contribution

My Lords, for many small businesses, the VAT threshold is only one part of a much wider cumulative burden, which includes rising national insurance contributions, business rates and minimum wage pressures, and the increasing complexity of employment regulation. That all hits enterprise and dampens the ambition and animal spirits that we need to get this country growing. Does the Minister therefore see a case for lifting this and other thresholds, and for exempting SMEs from some of the ever-growing burden of regulations that we are seeing? If so, where would he start?

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