Petition · past parliament · HM Treasury
Raise the VAT threshold for small businesses
Closed
192 signatures
What the petition asks
Take into consideration the effect VAT has on businesses once they reach the VAT threshold and have to charge VAT on their goods and services, and pay this to HMRC. Many businesses lose out on custom once they reach the threshold, because customers can go to businesses that don't have to charge VAT.
Customers often prioritise price, meaning that small businesses that have to charge VAT can lose out on work to businesses that do not have to charge VAT. Companies that do not charge VAT because they are under the threshold may have just started or be less experienced, which may mean that lower prices do not necessarily represent value for money.
We believe the VAT threshold should be increased, to enable fair competition between small businesses.
We believe the VAT threshold should be increased, to enable fair competition between small businesses.
Timeline
| 16 Jun 2023 | Petition opened for signatures |
| 16 Dec 2023 | Closed to new signatures |
Key facts
Signatures
192
Status
Closed
Department
HM Treasury
Opened
16 Jun 2023
Closed
16 Dec 2023
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Source: the official petition page. Last checked 15 Jul 2026.