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789994

registered interest
date	15/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Small Businesses: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the potential effect of changes to eligibility for VAT registration on (a) guest houses and bed and breakfast outlets and (b) other small and medium-sized enterprises.
tabling member constituency	North Ayrshire and Arran
tabling member printed	Patricia Gibson
uin	113430
answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>The UK's VAT registration threshold is currently set at £85,000. Businesses must register for VAT when their turnover is above £85,000. Businesses below the threshold are eligible to register voluntarily if making taxable supplies.</p><p> </p><p>To assess the impact of VAT on small and medium enterprises HM Revenue and Customs commissioned Ipsos MORI to conduct research into their behaviours and experiences around VAT registration. The report was published on 16 November 2017.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 20/11/2017 14:41:39 answering member 3935 label Biography information for Mel Stride
tabling member	4435 label Biography information for Patricia Gibson

788403

registered interest
date	13/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Small Businesses: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions he has had with Cabinet colleagues on the potential effect on small and medium-sized enterprises of any reduction in eligibility for VAT registration.
tabling member constituency	North Ayrshire and Arran
tabling member printed	Patricia Gibson
uin	112548
answer	answer is ministerial correction date of answer 16/11/2017 answer text <p>All businesses with a taxable turnover above the VAT threshold must register. Businesses below that threshold can voluntarily register.</p><p> </p><p>The Office of Tax Simplification published their review of VAT earlier this month, which included discussion on the registration threshold. The Government will respond to their recommendations in due course.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/11/2017 14:55:20 answering member 3935 label Biography information for Mel Stride
tabling member	4435 label Biography information for Patricia Gibson