Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what discussions he has had with Cabinet colleagues on the potential effect on small and medium-sized enterprises of any reduction in eligibility for VAT registration.

All businesses with a taxable turnover above the VAT threshold must register. Businesses below that threshold can voluntarily register.

The Office of Tax Simplification published their review of VAT earlier this month, which included discussion on the registration threshold. The Government will respond to their recommendations in due course.