Written Questions are submitted by MPs or Lords to receive information from a Department.
|5 Feb 2019, 4:41 p.m.||Christopher Chope (Conservative - Christchurch)||Christopher Chope (Conservative - Christchurch)|
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate he has made of the potential effect on the money accrued to the public purse of raising the maximum threshold for VAT by (a) 5 and (b) 10 per cent.
Answered by Mel Stride
Estimates of the revenue impact of raising the registration threshold for VAT are set out in the review ‘Value added tax: routes to simplification’ by the Office of Tax Simplification, available here (see page 8): https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/657215/Value_added_tax_routes_to_simplification_print.pdf