VAT: Registration
The question
To ask the Chancellor of the Exchequer, whether she has made representations to the Secretary of State for Business and Trade on the monetary value of VAT registration thresholds.
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.
The Chancellor has regular discussions with other Government Ministers on matters of common interest.
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