Question to the HM Treasury:
To ask His Majesty's Government what assessment they have made of the impact of value added tax (VAT) thresholds on competition in the removals and storage industry; and whether they plan to lower the threshold to align with European economies and tackle VAT avoidance in the sector.
Consideration of changes to the VAT threshold would have to carefully balance the potential benefits to businesses, the economy as a whole, and tax revenues.
The Chancellor makes decisions on tax policy at fiscal events in the context of the overall public finances. The Government keeps all taxes under review.