questionText: To ask the Chancellor of the Exchequer, how many businesses have had a turnover below the VAT threshold in each of the past five years.
answerText: The total number of businesses in 2024 is estimated at 5.6 million (see Business population estimates 2024 - GOV.UK, detailed table 2). According to HMRC statistics, there were around 1.3 million business registered for VAT with turnover above the thresho...
heading: Business: Income