Mr Angus MacDonald

Mr Angus MacDonald

Liberal Democrat — Inverness, Skye and West Ross-shire

Speaking in the House of Commons on 3 February 2026

Debate

Taxation: Small and Medium-sized Enterprises

Contribution

I have spent a great deal of my life looking at small businesses. There are 4.1 million sole traders or self-employed people in the UK and that £90,000 VAT restriction is a block on building businesses. Were it increased to, say, £250,000 and 10% of those businesses employed people, that would mean 400,000 youngsters in work, and the modelling that I have done shows that His Majesty’s Revenue and Customs would get a lot more money. I would be delighted to go through it with the Minister. If we want real growth from UK micro-organisations, I would really appreciate a chance to meet him to discuss this.

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