Every parliamentary written question tabled by Rupert Lowe this session, with the full answer and department. See how every department answers, or back to the MP page.
Showing 121–122 of 122 · Treasury
If she will review the implementation of the Enterprise Investment Scheme; and if she will meet the hon. Member for Great Yarmouth to discuss that scheme.
The Enterprise Investment Scheme was recently evaluated, with reports published in November 2023. These are available on gov.uk.
How many businesses have a taxable turnover of (a) £85,000-£89,999 and (b) £90,000-£95,000; and if she will make a cost-benefit analysis of the VAT threshold for businesses.
Data on numbers of businesses with turnover either side of the VAT registration threshold have been published by the Office for Budget Responsibility here: Economic and fiscal outlook - March 2023 - Office for Budget Responsibility (obr.uk), see ‘Supporting Documents’, ‘March 2023 Economic and fiscal outlook – charts and tables: Chapter 3’, Chart 3.C. Data on turnover of businesses since the threshold was increased to £90,000 are not yet available. At £90,000, the UK has a higher VAT registration threshold than any EU Member State and the joint highest in the OECD. The Government keeps all taxes under review and will take decisions across tax and spending at the Budget.