I continue to campaign for an increase in the VAT threshold which is of such importance to small businesses. Therefore, I was pleased in Treasury Questions in the House of Commons on Tuesday 19th March to show my appreciation for the Spring Budget’s increase in the VAT threshold from £85,000 to £90,000 that will help small businesses like the Two Doves Café and Gift Shop in Overton which is very popular with people in Clwyd South. I asked Gareth Davies MP, Exchequer Secretary, to prioritise increasing further the VAT threshold in the government’s next fiscal intervention.
In his response the Exchequer Secretary said: “My Honourable Friend comes to this House with significant business experience, so when he talks, we certainly listen, and I’m delighted to hear that he was pleased with the VAT threshold increase. I can tell him that in addition to what I said to our Honourable Friend about the £90,000 threshold, it is, at this level, higher than any EU member state and the joint highest in the OECD and many of his businesses will be a part of the 28,000 that will benefit from this increase. So we have no plans at this stage to change it.”
I will keep campaigning on this issue in support of small businesses in Clwyd South and the rest of the UK.
