The number of businesses registering for VAT in Vale of York constituency in each year since 1997 are shown in the following table.
Number of registrations 1997 315 1998 320 1999 350 2000 325 2001 320 2002 425 2003 410 2004 405 2005 350 2006 370 2007 405 Source: BERR National Statistics publication “Business start-ups and closures: VAT registrations and de-registrations 2007” available at: http://stats.berr.gov.uk/ed/vat/index.htm
The number of new VAT registrations in Vale of York exceeded the number of de-registrations in every year since 1997.
VAT registrations do not capture all business activity. Businesses are unlikely to be registered if they fall below the compulsory VAT threshold, which was £64,000 at the start of 2007. Only 1.96 million out of 4.7 million UK enterprises (42 per cent.) were registered for VAT at the start of 2007.
The number of businesses registered for VAT in Vale of York constituency between the start of 1997 and the start of 2008 is shown in the table.
Number 1997 4,345 1998 4,380 1779 4,430 2000 4,520 2001 4,575 2002 4,652 2003 4,730 2004 4,820 2005 4,920 2006 4,955 2007 5,005 2008 5,090 Source: BERR national statistics publication ‘Business start-ups and closures: VAT registrations and de-registrations 2007’ available at: http://stats.berr.gov.uk/ed/vat/index/htm
The number of VAT-registered businesses in Vale of York constituency rose from 4,345 at the start of 1997 to 5,090 at the start of 2008—a rise of 17 per cent.
VAT registrations do not capture all business activity. Businesses are unlikely to be registered if they fall below the compulsory VAT threshold, which was £64,000 at the start of 2007. Only 1.96 million out of 4.7 million UK enterprises (42 per cent.) were registered for VAT at the start of 2007.