Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many people who registered for and paid VAT in the financial year 2013-14 also paid VAT in the financial year 2014-15.
At the end of 2013-14, there were two million traders registered for VAT. Of those, it is estimated that there was a total of approximately one hundred thousand traders which first registered for and paid VAT in the financial year 2013-14 and also paid VAT in the financial year 2014-15.