Written Question·Treasury·UIN 48799
Small Businesses: VAT
Tabled: 28 April 2025
Answered: 6 May 2025
Named DayQuestion
Mr Peter Bedford
Conservative — Mid Leicestershire
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of increasing the VAT registration threshold on levels of growth of small and medium-sized businesses.
Answer
James MurrayAt £90,000, the UK has a higher VAT registration threshold than any EU country and the joint highest in the OECD. This keeps the majority of businesses out of the VAT regime altogether.