Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she will assess the potential merits of only applying VAT to turnover above £90,000 for small businesses.

With a VAT registration threshold of £90,000, the UK’s threshold is higher than any EU country and the joint highest in the OECD.

The Government’s approach to the VAT threshold aims to balance potential impacts on small businesses, including their growth and financial sustainability, the economy as a whole, and tax revenues.