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Small Businesses: VAT

Asked by Mr Peter BedfordConservativeTreasuryTabled Answered 6 May 2025UIN 48799

The question

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of increasing the VAT registration threshold on levels of growth of small and medium-sized businesses.

Answered by James Murray

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.

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