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1658574

	registered interest
	date	06/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has made a recent assessment of the potential merits of reviewing the annual VAT registration threshold to help support small businesses.
	tabling member constituency	Bolton North East
	tabling member printed	Mark Logan
	uin	198235
	answer	answer is ministerial correction date of answer 12/09/2023 answer text <p>Views on the VAT registration threshold are divided and the case for change has been regularly reviewed over the years. While some businesses have argued that a higher threshold would reduce administrative and financial burdens, others contend that a lower threshold would provide a fairer competitive environment.</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>It was announced at Autumn Statement 2022 that the VAT threshold will be maintained at its current level of £85,000 until 31 March 2026.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 12/09/2023 15:05:05 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4815 label Biography information for Mark Logan

1663645

	registered interest
	date	13/10/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Married People: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to review the levels of (a) Marriage and (b) Married Couple's Allowance ahead of the Autumn Statement.
	tabling member constituency	Bolton North East
	tabling member printed	Mark Logan
	uin	201499
	answer	answer is ministerial correction date of answer 18/10/2023 answer text <p>The Government introduced the Marriage Allowance (MA) in April 2015 to recognise marriage and civil partnerships in the tax system. It allows a spouse or civil partner to transfer 10 per cent of their Personal Allowance (PA) if their partner is a basic rate taxpayer.</p><p> </p><p>At Autumn Statement 2022, the Chancellor announced that the PA would be maintained at 2021-22 levels up to and including 2027-28. The transferable tax allowance of £1,260 provided through the MA is therefore due to remain at its current level until 2027-28.</p><p> </p><p>The Married Couple’s Allowance, which is available to those born before 6 April 1935, was uprated to be valued between £4,010 and £10,375 in 2023-24.</p><p> </p><p>As with all elements of income tax, the Government keeps this under review.</p><p> </p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 18/10/2023 13:43:39 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4815 label Biography information for Mark Logan