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1667544

registered interest
date	07/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT: Tax Thresholds
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of raising the VAT registration threshold to £250,000.
tabling member constituency	Stoke-on-Trent North
tabling member printed	Jonathan Gullis
uin	542
answer	answer is ministerial correction date of answer 15/11/2023 answer text <p>Views on the VAT registration threshold are divided and the case for change has been regularly reviewed over the years.</p><p>In 2018, the Government consulted on how the design of the VAT registration threshold could better incentivise growth. However, there was no clear option for reform.</p><p>While the Government keeps all taxes under review, it was announced at Autumn Budget 2022 that the VAT threshold will be maintained at its current level of £85,000 until 31 March 2026.</p><p> </p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 15/11/2023 15:18:34 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4814 label Biography information for Jonathan Gullis

1639824

registered interest
date	23/05/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT: Tax Thresholds
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will estimate the number of businesses that are not required to register for VAT at the current threshold that would be required to register if the threshold were increased to (a) £90,000 and (b) £100,000 as of 23 May 2023.
tabling member constituency	North West Norfolk
tabling member printed	James Wild
uin	186575
answer	answer is ministerial correction date of answer 01/06/2023 answer text <p>The numbers of VAT registered businesses in various turnover ranges can be found in Table 5a of this statistical publication on the GOV.UK website here: <a href="https://www.gov.uk/government/statistics/value-added-tax-vat-annual-statistics" target="_blank">https://www.gov.uk/government/statistics/value-added-tax-vat-annual-statistics</a>. Out of a total of 2,554,470 businesses registered for VAT in 2021-2022, a total of 1,222,240 were voluntarily registered below the threshold, representing slightly less than half the total.</p><p> </p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 01/06/2023 08:18:30 answering member 4399 label Biography information for Victoria Atkins
tabling member	4787 label Biography information for James Wild

1052229

registered interest
date	31/01/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT: Tax Thresholds
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the potential effect on the money accrued to the public purse of raising the maximum threshold for VAT by (a) 5 and (b) 10 per cent.
tabling member constituency	Christchurch
tabling member printed	Sir Christopher Chope
uin	215069
answer	answer is ministerial correction date of answer 05/02/2019 answer text <p>Estimates of the revenue impact of raising the registration threshold for VAT are set out in the review ‘Value added tax: routes to simplification’ by the Office of Tax Simplification, available here (see page 8): <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/657215/Value_added_tax_routes_to_simplification_print.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/657215/Value_added_tax_routes_to_simplification_print.pdf</a></p> answering member constituency Central Devon answering member printed Mel Stride question first answered 05/02/2019 16:41:36 answering member 3935 label Biography information for Mel Stride
tabling member	242 label Biography information for Sir Christopher Chope