To ask the Chancellor of the Exchequer, To ask the Chancellor of the Exchequer, what recent assessment she has made of the potential impact of the VAT threshold on the financial sustainability of small hair salons; and what steps she is taking to help ensure the consistency of the (a) tax and (b) regulatory environment for hair salons.

At £90,000, the UK has a higher VAT registration threshold than any EU Member State and the second highest in the OECD. This keeps the majority of UK businesses out of VAT altogether. The Government will continue to bear in mind businesses’ views of this threshold.

In March the Chancellor published a regulation action plan, this set out this Government's approach to ensure regulators and regulation support growth. We are continuing to look at the regulatory environment for all businesses in the round as we implement the actions in the plan.