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Value Added Tax

Volume 977: debated on Thursday 31 January 1980

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asked the Chancellor of the Exchequer if he will raise the value added tax threshold to take account of inflation since its last adjustment.

The VAT registration threshold is kept under continuous review and I shall bear the right hon. Member's suggestion in mind.

asked the Chancellor of the Exchequer at what level the value added tax threshold should now be fixed to restore it to its value at the date of inception of the tax.

The registration limit would need to be raised to £13,000 taxable turnover a year to take account of the increase in the retail price index since April 1973.