Written question asked by Chris Bloore (Labour) on Tuesday, 8 September 2026, in the House of Commons. It was due for an answer on Thursday, 10 September 2026. It was answered by James Murray (Labour) on Thursday, 17 September 2026 on behalf of the Treasury.

Small Businesses: VAT

Question: To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the potential impact of the VAT registration threshold on the net revenue growth of SMEs.

Answer: At £90,000, the UK has a higher VAT registration threshold than any EU country and the joint highest in the OECD. This means the majority of UK businesses are not in the VAT system at all.

Secondary information

Type: Written question
Reference: 28128
Session: 2026-27
Subjects: Small businesses VAT
Link: View this Written question on www.parliament.uk

Small Businesses: VAT

Secondary information

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