questionText: To ask the Chancellor of the Exchequer, what estimate her Department has made of the number of small businesses in (a) the UK and (b) Buckingham and Bletchley constituency that operate below the VAT registration threshold.
answerText: a) 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 thre...
heading: Small Businesses