Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of reviewing the framework for Postponed VAT Accounting to ensure that PVA is not available to companies which have no trading history or security in UK.

Postponed VAT accounting provides significant support for businesses, helping to manage cash flow and facilitate imports. HMRC undertakes regular work to ensure compliance with the rules around postponed VAT accounting.