questionText: To ask the Chancellor of the Exchequer, what assessment he has made of the impact of VAT thresholds on small businesses.
answerText: The Government recognises that accounting for VAT can be a burden on small businesses. This is why, at £85,000, the UK has a higher VAT registration threshold than any EU Member State and the second highest in the OECD. This keeps the majority of UK busin...
heading: Small Businesses: VAT