VAT threshold for UK businesses limited by EU rules, Hunt admits privately

Chancellor disappointed some conservatives with only limited rise in threshold, but said he was restricted by Northern Ireland protocol

Jeremy Hunt has privately admitted to colleagues that he cannot further raise the VAT threshold for UK businesses because of EU rules.

The chancellor announced in his budget on Wednesday that businesses would no longer have to pay VAT if they had a turnover of less than 90,000, an increase from the previous threshold of 85,000.