Written Question·Treasury·UIN 3446
Business: VAT
Tabled: 30 August 2024
Answered: 9 September 2024
Question
Rupert Lowe
Restore Britain — Great Yarmouth
To ask the Chancellor of the Exchequer, how many businesses have a taxable turnover of (a) £85,000-£89,999 and (b) £90,000-£95,000; and if she will make a cost-benefit analysis of the VAT threshold for businesses.
Answer
James MurrayData on numbers of businesses with turnover either side of the VAT registration threshold have been published by the Office for Budget Responsibility here: Economic and fiscal outlook - March 2023 - Office for Budget Responsibility (obr.uk), see ‘Supporti...
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