Written Question·Treasury·UIN 56016
Small Businesses: VAT
Tabled: 30 May 2025
Answered: 9 June 2025
Question
Rupert Lowe
Restore Britain — Great Yarmouth
To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential impact of VAT (a) registration and (b) compliance on small 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 means the majority of UK businesses are kept out of the VAT system.