Small Businesses
Commons · Question 62891 · Tabled 25 Jun 2025 · Treasury · Official record
Answered 4 Jul 2025
Question
Asked by Markus Campbell-Savours
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of raising the VAT threshold for (a) wine merchants and (b) other small businesses; and what steps she is taking to (a) support those businesses and (b) promote e
Answer
Answered by James Murray, 4 Jul 2025
At £90,000, the UK has a higher VAT registration threshold than any EU country and the joint highest in the OECD. This means the majority of UK businesses are kept out of the VAT system. As set out in the Plan for Change, the Government’s priority mission...