Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of VAT thresholds on the ability for hair and beauty establishments to expand their service provision and employ more staff.

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 not in the VAT system at all. 

Any consideration of changes to the threshold would have to carefully balance potential impacts on small businesses, the economy as a whole, and tax revenues.