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VAT: Registration

Volume 485: debated on Monday 15 December 2008

To ask the Chancellor of the Exchequer what the year on year change in the rate of VAT registrations (a) in 2008-09 and (b) in each of the previous five years has been; and what estimate he has made of the revenue lost to his Department as a result. (242749)

The number of offices processing VAT registrations was reduced from around 30 to four in 2000-01, and again from four to two in 2008.

The number of new VAT registrations has fluctuated over those years, but overall has risen from 201,015 in 2000-01 to 263,936 in 2007-08. Net VAT receipts have risen from £58 billion to £80 billion over the same period.

No estimate has been made for lost revenue, as H M Revenue and Customs does not believe that the reduction in offices has had any impact on the number of businesses registering for VAT or on total revenue received.