Written Question·Treasury·UIN 73695
VAT
Tabled: 1 September 2025
Answered: 9 September 2025
Question
Edward Morello
Liberal Democrat — West Dorset
To ask the Chancellor of the Exchequer, whether her Department has made a recent assessment of the potential impact of lowering the VAT threshold on the economy.
Answer
Dan TomlinsonAny change to the VAT threshold would have potential impacts on small businesses, the economy as a whole, and tax revenues, which the Government would need to consider carefully. The Government keeps all taxes under review and any changes are announced at...
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