Every parliamentary written question tabled by Helen Grant this session, with the full answer and department. Back to the MP page.
Showing 1–2 of 2 · Treasury
If she will make an assessment of the potential merits of increasing the taxable turnover SMEs can earn in a12-month period before registering for VAT.
At £90,000, the UK has a higher VAT registration threshold than any EU country and the joint highest in the OECD. This keeps the majority of businesses out of the VAT regime altogether.
If she will make an assessment of the potential merits of reversing the changes to VAT on double cab pick-ups .
The VAT treatment of double cab pick-ups (DCPUs) has not changed. DCPUs are subject to the standard 20 per cent rate of VAT. As announced at Autumn Budget 2024, following a Court of Appeal judgment, the Government will treat DCPUs with a payload of one tonne or more as cars for the purposes of Benefit in Kind and Capital Allowances taxation. However, for VAT purposes, DCPUs with a payload of one tonne or more will continue to be classed as vans, meaning VAT-registered businesses will continue to be able to recover the VAT paid on them in line with normal VAT recovery rules. The definition of a motor car, and what does not constitute a car, for VAT purposes is set out in SI 1992/3122 – Value Added Tax (Cars) Order 1992.