Skip to main content

Written question asked by Angus MacDonald (Liberal Democrat) on Tuesday, 17 March 2026, in the House of Commons. It was due for an answer on Tuesday, 24 March 2026 (named day). It was answered by Dan Tomlinson (Labour) on Tuesday, 24 March 2026 on behalf of the Treasury.


VAT: Small Businesses

Question

To ask the Chancellor of the Exchequer what estimate her Department has made of the administrative cost of processing and submitting VAT returns to to businesses with a turnover under £250,000.

Answer

HMRC does not estimate the administrative cost to businesses with a turnover below £250,000 for processing and submitting VAT returns, as the cost can vary between businesses, regardless of their turnover. Administrative costs are largely dependent on their individual business processes and the nature and complexity of their record keeping.


Secondary information

Type
Written question
Reference
121535
Session
2024-26
Subjects
Small businesses VAT Tax thresholds
Contains statistics
Yes
Link
View this Written question on www.parliament.uk