Officials are looking at proposals to slash the threshold at which small businesses and sole traders have to register for VAT. Pictured: Rachel Reeves

Treasury officials are said to be looking at proposals to levy £2billion from property earnings as they scramble for revenue-raisers ahead of the Budget this autumn.

Whitehall officials raised the prospect as ‘a growth measure’ at meetings before summer recess

Officials are looking at proposals to slash the threshold at which small businesses and sole traders have to register for VAT. Pictured: Rachel Reeves