Written question asked by Dan Jarvis (Labour) on Monday, 17 July 2023, in the House of Commons. It was due for an answer on Thursday, 20 July 2023 (named day). It was answered by Victoria Atkins (Conservative) on Thursday, 20 July 2023 on behalf of the Treasury.
Small Businesses: VAT
- Question
-
To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of reforms to VAT to encourage small businesses growth.
- Answer
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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 businesses out of VAT altogether.
Secondary information
- Type
- Written question
- Reference
- 194378
- Session
- 2022-23
- Subjects
- Small businesses Reform VAT
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-07-20 15:51:57 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/194378
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/194378
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/194378