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<p>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.</p><p> </p><p>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.</p><p> </p><p>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.</p>
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