questionText: To ask the Chancellor of the Exchequer, what assessment her Department has made of the impact of the VAT (a) threshold and (b) rates on the (i) growth and (ii) financial sustainability of small businesses.
answerText: At £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. The Government’s approach to the VAT threshold and applicable rates a...
heading: Small Businesses: VAT