VAT
Commons · Question 73695 · Tabled 1 Sep 2025 · Treasury · Official record
Answered 9 Sep 2025
Question
Asked by Edward Morello
To ask the Chancellor of the Exchequer, whether her Department has made a recent assessment of the potential impact of lowering the VAT threshold on the economy.
Answer
Answered by Dan Tomlinson, 9 Sep 2025
Any change to the VAT threshold would have potential impacts on small businesses, the economy as a whole, and tax revenues, which the Government would need to consider carefully. The Government keeps all taxes under review and any changes are announced at...