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1687970

registered interest
date	06/02/2024
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, what assessment he has made of the impact of VAT thresholds on small businesses.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	13479
answer	answer is ministerial correction date of answer 12/02/2024 answer text <p>The Government recognises that accounting for VAT can be a burden on small businesses. This is why, at £85,000, the UK has a higher VAT registration threshold than any EU Member State and the second highest in the OECD. This keeps the majority of UK businesses out of VAT altogether. 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> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 13480 13481 question first answered 12/02/2024 16:24:46 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4866 label Biography information for Alexander Stafford

1687971

registered interest
date	06/02/2024
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, if he will make an assessment of the potential merits of raising VAT thresholds for small business.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	13480
answer	answer is ministerial correction date of answer 12/02/2024 answer text <p>The Government recognises that accounting for VAT can be a burden on small businesses. This is why, at £85,000, the UK has a higher VAT registration threshold than any EU Member State and the second highest in the OECD. This keeps the majority of UK businesses out of VAT altogether. 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> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 13479 13481 question first answered 12/02/2024 16:24:46 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4866 label Biography information for Alexander Stafford

1687972

registered interest
date	06/02/2024
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, if he will raise VAT thresholds for small businesses.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	13481
answer	answer is ministerial correction date of answer 12/02/2024 answer text <p>The Government recognises that accounting for VAT can be a burden on small businesses. This is why, at £85,000, the UK has a higher VAT registration threshold than any EU Member State and the second highest in the OECD. This keeps the majority of UK businesses out of VAT altogether. 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> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 13479 13480 question first answered 12/02/2024 16:24:46 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4866 label Biography information for Alexander Stafford

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

1653379

registered interest
date	17/07/2023
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, what recent assessment he has made of the potential impact of the annual VAT threshold on small business growth.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	194377
answer	answer is ministerial correction date of answer 20/07/2023 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 Budget 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 20/07/2023 13:52:18 answering member 4399 label Biography information for Victoria Atkins
tabling member	4243 label Biography information for Dan Jarvis

1653380

registered interest
date	17/07/2023
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, what recent assessment he has made of the potential merits of reforms to VAT to encourage small businesses growth.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	194378
answer	answer is ministerial correction date of answer 20/07/2023 answer text <p>The Government recognises that accounting for VAT can be a burden on small businesses. This is why, at £85,000, the UK has a higher VAT registration threshold than any EU Member State and the second highest in the OECD. This keeps the majority of UK businesses out of VAT altogether.</p><p> </p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 20/07/2023 14:11:05 answering member 4399 label Biography information for Victoria Atkins
tabling member	4243 label Biography information for Dan Jarvis

1625346

registered interest
date	02/05/2023
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, if he will make an assessment of the potential impact on small businesses of introducing a price cap on software for Making Tax Digital for VAT.
tabling member constituency	Arfon
tabling member printed	Hywel Williams
uin	183332
answer	answer is ministerial correction date of answer 09/05/2023 answer text <p>HMRC has worked closely with software providers so that businesses should be able to choose a product that suits both their budget and their needs. This includes some products which have been deployed specifically to support different types of sectors.</p><p> </p><p>There are free software products suitable for smaller, simpler businesses and subscription-based Making Tax Digital (MTD) compatible software available, but invariably, costs will differ from business to business, and are influenced by factors including size and complexity of business, degree of digital capability and cost and functionality of software solution employed.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 09/05/2023 15:59:16 answering member 4399 label Biography information for Victoria Atkins
tabling member	1397 label Biography information for Hywel Williams

1542921

registered interest
date	16/11/2022
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, what assessment he has made of the adequacy of the turnover threshold for small business VAT in the context of rising levels of inflation.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	88919
answer	answer is ministerial correction date of answer 21/11/2022 answer text <p>The Government recognises that accounting for VAT can be a burden on small businesses. This is why, at £85,000, the UK has a higher VAT registration threshold than any EU Member State and the second highest in the OECD. This keeps the majority of UK businesses out of VAT altogether.</p><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 Budget 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 21/11/2022 14:27:28 answering member 4399 label Biography information for Victoria Atkins
tabling member	4467 label Biography information for Drew Hendry

1489580

registered interest
date	15/07/2022
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, what recent assessment he has made of the potential merits of temporarily increasing the VAT taxable turnover threshold from £85,000 to help small businesses with the rise in the cost of living.
tabling member constituency	Westmorland and Lonsdale
tabling member printed	Tim Farron
uin	37474
answer	answer is ministerial correction date of answer 25/07/2022 answer text <p>The UK has the highest VAT registration threshold in the OECD and as compared to EU Member States at £85,000. This keeps the majority of UK businesses out of VAT altogether.</p><p> </p><p>Whilst the Government keeps all taxes under review, it was announced at Budget 2021 that the VAT threshold will be maintained at its current level of £85,000 until 31 March 2024.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 25/07/2022 08:56:46 answering member 4517 label Biography information for Lucy Frazer
tabling member	1591 label Biography information for Tim Farron

1488587

registered interest
date	12/07/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: VAT
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to introduce VAT relief for small businesses until the end of the tax year.
tabling member printed	Lord Taylor of Warwick
uin	HL1717
answer	answer is ministerial correction date of answer 26/07/2022 answer text The UK’s VAT registration threshold is set at £85,000, which is the highest in the OECD and as compared to EU Member States. This keeps the majority of UK businesses out of VAT altogether.<p> </p>Whilst the Government keeps all taxes under review, it was announced at Budget 2021 that the VAT threshold will be maintained at its current level of £85,000 until 31 March 2024. answering member printed Baroness Penn question first answered 26/07/2022 13:04:22 answering member 4726 label Biography information for Baroness Penn
tabling member	1796 label Biography information for Lord Taylor of Warwick