Guto Bebb – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Guto Bebb on 2015-10-09.

To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect on SMEs of a move from the flat rate scheme for VAT to the general rate.

Mr David Gauke

HMRC estimates that, on average, businesses moving from the flat rate scheme to standard VAT accounting incur extra administrative costs of £45 per year.