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Business: North Yorkshire

Volume 485: debated on Tuesday 16 December 2008

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform how many new businesses registered for VAT in Vale of York constituency in each year from 1997. (240559)

The number of businesses registering for VAT in Vale of York constituency in each year since 1997 are shown in the following table.

Vale of York, businesses registering for VAT

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.

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform how many businesses in Vale of York constituency were VAT-registered in each year from 1997. (240560)

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.

Vale of York constituency: VAT registered business

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.