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VAT: Small Businesses

Volume 485: debated on Tuesday 16 December 2008

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform what representations he has received on the effect on small businesses of administering the temporary change to rates of value added tax. (242636)

My Department is in regular contact with small businesses and their representatives on a range of issues. I am aware that some businesses will face implementation difficulties, but it is important to make this change quickly—to make goods and services cheaper and, by encouraging spending, help stimulate growth.

HMRC is providing advice and guidance to all VAT registered businesses to help them implement this change.