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VAT

Asked by Edward MorelloLiberal DemocratTreasuryTabled Answered 9 September 2025UIN 73695

The question

To ask the Chancellor of the Exchequer, whether her Department has made a recent assessment of the potential impact of lowering the VAT threshold on the economy.

Answered by Dan Tomlinson

Any change to the VAT threshold would have potential impacts on small businesses, the economy as a whole, and tax revenues, which the Government would need to consider carefully. The Government keeps all taxes under review and any changes are announced at fiscal events.

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