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VAT: Small Businesses

Question for HM Treasury

UIN 54208, tabled on 22 November 2016

To ask Mr Chancellor of the Exchequer, what steps his Department is taking to allow the incremental introduction of VAT for small businesses.

Answered on

30 November 2016

The UK currently has the highest VAT registration threshold in Europe. At Budget 2016, the VAT registration threshold was increased to £83,000. This means that businesses with a turnover of £83,000 and below do not have to register for VAT.

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