Value Added Tax Bill

Debate between Robert Jenrick and Anne-Marie Trevelyan

Friday 8th February 2019 Commons Chamber

[Anne-Marie Trevelyan]

I agree with the Minister that the consultation was difficult and did not seem to come up with a solution, but will the Treasury seriously consider having a sliding scale for VAT registration, as is the case for other taxation systems?

[Robert Jenrick]

That suggestion, which my hon. Friend set out so eloquently in her speech, has been discussed on many occasions. It is an interesting proposal, but it would have significant fiscal implications, and it would mean that any business would be able to take advantage of that; large multinational corporations would benefit, not just small and medium-sized businesses. However, it is something we might consider in future.