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To ask the Chancellor of the Exchequer, how many businesses are VAT exempt in each region of the UK.
To ask the Chancellor of the Exchequer, how many businesses are VAT exempt in each region of the UK.
The most recent year for which we hold complete tax records is for businesses with a basis period ending in 2021-22. For this year across the whole of the UK, there were a total of 9,170,000 businesses that declared turnover below the VAT threshold. Of these, 210,000 also had profits above £45,000.
Please note that this is the total number of businesses with turnover below the VAT threshold. Of these some may have registered for VAT voluntarily, and others may be exempt from VAT for other reasons.
HMRC does not hold readily available data on the regional breakdown of the total number of businesses across the UK which can be used for analysing VAT. This is because some businesses can have both single and multiple sites, and therefore such breakdowns would be of limited value.
To ask the Chancellor of the Exchequer, how many businesses do not meet the VAT threshold in (a) the UK and (b) in each region of the UK.
To ask the Chancellor of the Exchequer, how many businesses do not meet the VAT threshold in (a) the UK and (b) in each region of the UK.
The most recent year for which we hold complete tax records is for businesses with a basis period ending in 2021-22. For this year across the whole of the UK, there were a total of 9,170,000 businesses that declared turnover below the VAT threshold. Of these, 210,000 also had profits above £45,000.
Please note that this is the total number of businesses with turnover below the VAT threshold. Of these some may have registered for VAT voluntarily, and others may be exempt from VAT for other reasons.
HMRC does not hold readily available data on the regional breakdown of the total number of businesses across the UK which can be used for analysing VAT. This is because some businesses can have both single and multiple sites, and therefore such breakdowns would be of limited value.
To ask the Chancellor of the Exchequer, how many businesses (a) do not meet the VAT threshold and (b) have profits over £45,000 in (i) the UK and (ii) in each region of the UK.
To ask the Chancellor of the Exchequer, how many businesses (a) do not meet the VAT threshold and (b) have profits over £45,000 in (i) the UK and (ii) in each region of the UK.
The most recent year for which we hold complete tax records is for businesses with a basis period ending in 2021-22. For this year across the whole of the UK, there were a total of 9,170,000 businesses that declared turnover below the VAT threshold. Of these, 210,000 also had profits above £45,000.
Please note that this is the total number of businesses with turnover below the VAT threshold. Of these some may have registered for VAT voluntarily, and others may be exempt from VAT for other reasons.
HMRC does not hold readily available data on the regional breakdown of the total number of businesses across the UK which can be used for analysing VAT. This is because some businesses can have both single and multiple sites, and therefore such breakdowns would be of limited value.
I thank my hon. Friend very much for his answer. It is a concern of many members of the frontline clergy, in the light of press reports, that there will be a reduction in the number of clergy in the Church of England. Given that the Archbishop is going on sabbatical and there is considerable concern about that, will my hon. Friend just outline how the Church of England will protect frontline clergy in the event of any review of Church structure?
I thank my hon. Friend very much for his answer. It is a concern of many members of the frontline clergy, in the light of press reports, that there will be a reduction in the number of clergy in the Church of England. Given that the Archbishop is going on sabbatical and there is considerable concern about that, will my hon. Friend just outline how the Church of England will protect frontline clergy in the event of any review of Church structure?
The restoration and renewal programme has engaged regularly with neighbours and will continue to do so, especially at those moments with most opportunity for meaningful input. To date, it has included group sessions as well as meetings and briefings, including with Westminster City Council. Engagement with local businesses and residents—my hon. Friend’s constituents—will continue, particularly ahead of the submission of planning applications.
What steps he is taking to support small businesses in areas under tier 2 covid-19 restrictions.
What steps he is taking to support small businesses in areas under tier 2 covid-19 restrictions.
Businesses in tier 2 that are required to close can access payments of up to £1,500 per 14 days of closure. We are giving additional financial support of £1.1 billion to local authorities to support other businesses severely affected by restrictions even though open.
May I gently suggest to the Minister that one of the best ways he will be able to support small businesses in my constituency of West Dorset is to use his influence in discussions within Government tomorrow to reduce West Dorset from tier 2 to tier 1? In the event of that not being possible, could he outline more specifically what the Government will be doing to support the 97% of businesses that are small or micro-sized?
May I gently suggest to the Minister that one of the best ways he will be able to support small businesses in my constituency of West Dorset is to use his influence in discussions within Government tomorrow to reduce West Dorset from tier 2 to tier 1? In the event of that not being possible, could he outline more specifically what the Government will be doing to support the 97% of businesses that are small or micro-sized?
I recognise that the winter months will continue to be extremely tough on many businesses in my hon. Friend’s constituency, but I am confident that the grant programme that we have in place, alongside other measures like the job retention scheme and the support for the self-employed that have been so widely discussed this morning, will continue to deliver that support. An estimated 90% of small and medium-sized business premises in closed retail, hospitality and leisure sectors should, broadly, have their monthly rent covered by the business grant programme.
Market towns in West Dorset such as Lyme Regis, Sherborne and Dorchester are thinking ahead, and I am supporting them to look at innovations to boost the local economy following coronavirus. These include virtual high streets and collaborating to improve accessibility of local brands to those who may not be able to get to the town. Will the Minister meet me to look at these concepts and determine how we can support these initiatives going forward?
Market towns in West Dorset such as Lyme Regis, Sherborne and Dorchester are thinking ahead, and I am supporting them to look at innovations to boost the local economy following coronavirus. These include virtual high streets and collaborating to improve accessibility of local brands to those who may not be able to get to the town. Will the Minister meet me to look at these concepts and determine how we can support these initiatives going forward?
I know better than most, with Shipston-on-Stour, Alcester and Bidford—very important market towns—in my constituency, that it is more important than ever at this time to support businesses to adopt innovative business models. I would of course be happy to meet my hon. Friend to discuss those approaches to reopening our economy in West Dorset and the lessons that this may hold for the rest of the country as well.
What steps he is taking to support the recovery of businesses in (a) rural areas and (b) market towns during the covid-19 outbreak.
What steps he is taking to support the recovery of businesses in (a) rural areas and (b) market towns during the covid-19 outbreak.
Our thoughts are indeed with our colleague who was murdered, Jo Cox, and also with the hon. Member for East Dunbartonshire (Amy Callaghan); we wish her a safe return to this House.
We have introduced an unprecedented package of support for businesses across the country to get through this incredibly challenging period. More than £10 billion in grants—grants—has been paid to over 830,000 businesses of all sizes, including £100 million to over 8,000 businesses in Dorset. I want to thank the local leadership there for delivering that. This has explicitly been targeted at those in receipt of rural rate relief, as well as small business rate relief.