UK VAT threshold rises, but growth obstacle remains for small businesses post-Brexit.

UK government increases VAT registration threshold for first time in seven years
Threshold increases from £85,000 to £90,000 for taxable turnover
Businesses in Northern Ireland also see threshold increase for EU acquisitions
HMRC states UK VAT threshold is highest among EU Member States and tied with Switzerland for highest among OECD countries
Concerns raised about businesses intentionally staying below threshold to avoid VAT
Graph shows steep drop in number of businesses near threshold, indicating growth suppression
Compliance hassle and price increases cited as reasons for businesses avoiding VAT registration
Chancellor Hunt unable to increase threshold beyond £90,000 due to Northern Ireland protocol

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.