Small Businesses: VAT — Written Question

Question

Suella Braverman

Reform UK — Fareham and Waterlooville

To ask the Chancellor of the Exchequer, what assessment she has made of the impact of the VAT threshold on small businesses with turnover between £90,000 and £150,000; and if she will make it her policy to introduce a staggered VAT model to reduce disince

Answer

Dan Tomlinson

With a VAT registration threshold of £90,000, the UK’s threshold is higher than any EU country and the joint highest in the OECD. The Government’s approach to the VAT threshold aims to balance potential impacts on small businesses, including their growth ...

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