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Estimates of the number of enterprises registering and de-registering for VAT in
2005 have been published by the Small Business Service.
The estimates are widely accepted as an accurate measure of the health of UK
businesses.
The stock of VAT-registered enterprises at the start of 2006 has also been
released.
In 2005, there were 177,900 registrations and 152,900 de-registrations, resulting
in an increase of 25,000 (1.4%) in the stock of VAT-registered enterprises
during 2005.
There have been increases in the stock of VAT registered enterprises in every
year from 1995.
The number of registrations decreased by 5,900 (3.2%) between 2004 and 2005 and
the number of de registrations decreased by 10,500 (6.4%) over the same period.
This is the lowest number of de-registrations since 1999.
In 2005, there were 37 registrations and 31 de-registrations for every 10,000
people aged 16 or over in the UK.
Industries
In 2005, all sectors saw a decrease or no change in the number of registrations
compared with 2004, and in most sectors, the number of de-registrations also
decreased.
The Business Services sector saw the largest fall in registrations, with 2,200
fewer in 2005 than in 2004.
The largest fall in the number of de-registrations was in Wholesale, Retail and
Repairs (3,000) and de-registrations fell in all sectors except Agriculture and
Fishing, where de-registrations increased by 600.
During 2005, as in 2004, the largest net losses in the stock of VAT-registered
businesses were in Agriculture and Fishing, where de-registrations exceeded
registrations by 2,800, and in Manufacturing, where there was a net loss of
2,200 businesses.
The largest net gain was once more in Business Services, where the stock of VAT
registered businesses rose by 14,200.
This industry sector has grown by over 200,000 businesses in the last ten years
to 552,900, or 30% of all VAT registered businesses in the UK at the start of
2006.
Regions and local areas
In 2005, all regions except Northern Ireland saw a decrease or no change in the
number of registrations compared with 2004 and in all except Northern Ireland
the number of de-registrations also decreased.
There were 33,900 registrations in London in 2005, the largest number of any
English region, closely followed by the South East, where there were 27,700
registrations.
London saw the largest absolute fall in registrations (1,400) and in Northern
Ireland registrations increased by 100.
London also saw the largest absolute decrease in de-registrations, down 1,900 on
2004.
In Northern Ireland, de-registrations increased by 400.
Overall, there was a 25,000 increase in the stock of VAT registered enterprises
during 2005, and all regions saw an increase in their stock.
London saw the biggest increase (3,700), and Northern Ireland saw the smallest
(300).
Regions with a high registration rate also tend to have a high de-registration
rate.
There are also large regional variations. In London there were 56 registrations
for every 10,000 residents aged 16 or over, compared to just 22 in the North
East.
All regions and countries except Northern Ireland saw a decrease or no change in
the number of VAT registrations per 10,000 residents aged 16 or over in 2005,
compared to 2004.
However, all regions except Northern Ireland also saw a decrease in the number
of VAT de-registrations per 10,000 residents aged 16 or over during the same
time period.
Source:
RedAlert
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