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1473211

registered interest
date	24/06/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fuels: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the likelihood of VAT inflating petrol and diesel prices as retail prices increase.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	24620
answer	answer is ministerial correction date of answer 29/06/2022 answer text <p>Unique circumstances globally, including the war in Ukraine, have pushed pump prices up to unprecedented levels. In response to fuel prices reaching their highest ever levels, the Government announced at Spring Statement 2022 a temporary 12-month cut to duty on petrol and diesel of 5p per litre across the UK. This cut represents savings for households and businesses worth around £2.4 billion in 2022-23.</p><p> </p><p>VAT has been designed as a broad-based tax on consumption, and the twenty per cent standard rate applies to the vast majority of goods and services. While there are exceptions to the standard rate, these have always been strictly limited by both legal and fiscal considerations. VAT makes a significant contribution to the public finances and, according to OBR forecasts, will have raised approximately £135 billion in 2021/22. As you will know, any reduction in tax paid is a reduction in the money available to support important public services, including the NHS and policing.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 29/06/2022 16:10:19 answering member 4517 label Biography information for Lucy Frazer
tabling member	4467 label Biography information for Drew Hendry

1473212

registered interest
date	24/06/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fuels: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential merits of introducing tax rebates on VAT for key workers in respect of petrol and diesel purchases for travel to work.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	24621
answer	answer is ministerial correction date of answer 29/06/2022 answer text <p>In response to fuel prices reaching their highest ever levels, the Government announced at Spring Statement 2022 a temporary 12-month cut to duty on petrol and diesel of 5p per litre across the UK. This cut represents savings for households and businesses worth around £2.4 billion in 2022-23.</p><p> </p><p>VAT has been designed as a broad-based tax on consumption and the twenty per cent standard rate applies to the vast majority of goods and services, including VAT on road fuel. Whilst there are exceptions to the standard rate, these have always been strictly limited by both legal and fiscal considerations.</p><p> </p><p>A key principle of the VAT system is that similar supplies are subject to similar levels of VAT. The Government keeps all taxes under constant review, but there are no plans to offer VAT rebates on fuel for key workers.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 29/06/2022 16:11:31 answering member 4517 label Biography information for Lucy Frazer
tabling member	4467 label Biography information for Drew Hendry

1462955

registered interest
date	16/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fuels: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of using a proportion of VAT accruing to the Exchequer from the rise in fuel prices to help low income households with the cost of living.
tabling member constituency	Ynys Môn
tabling member printed	Virginia Crosbie
uin	2314
answer	answer is ministerial correction date of answer 19/05/2022 answer text <p>Increases in VAT per litre of fuel from rising prices are likely to be largely offset by reductions in VAT on other items if households have less to spend on these items, given higher fuel expenditure and a fixed budget. Therefore, this would not lead to a significant increase in overall VAT receipts. The Office for Budget Responsibility now forecasts lower VAT receipts for this year, 2022-23, than they did in Autumn 2021.</p><p> </p><p>The Government understands how the rising cost of living is making life harder for people. These are global challenges. However, as set out in the Spring Statement 2022, the Government is providing support worth over £22 billion in 2022-23 to help families with these pressures.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 19/05/2022 14:33:34 answering member 4517 label Biography information for Lucy Frazer
tabling member	4859 label Biography information for Virginia Crosbie

1435153

registered interest
date	24/02/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fuels: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent estimate he has made of the potential additional value to the Exchequer of VAT on fuel arising from the expected increase in energy prices from April 2022.
tabling member constituency	East Lothian
tabling member printed	Kenny MacAskill
uin	129256
answer	answer is ministerial correction date of answer 07/03/2022 answer text <p>High energy prices reduce VAT revenues. In recognition that families should not have to bear all of the VAT costs they incur to meet their needs, domestic fuels such as gas and electricity are already subject to the reduced rate of 5 per cent of VAT. If people spend more on energy where VAT is 5 per cent, they spend less on goods and services that have on average a much higher VAT rate, thereby reducing VAT revenue overall.</p><p> </p>The Government is providing significant financial support – up to £350 – to the majority of households, which will cover more than half of the forecast £700 rise in energy bills for the average household. This support is worth £9.1 billion in 2022-23. answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 07/03/2022 08:19:07 answering member 4517 label Biography information for Lucy Frazer
tabling member	4772 label Biography information for Kenny MacAskill

1435154

registered interest
date	24/02/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fuels: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if will make an estimate of the potential level of revenues to the Exchequer in (a) 2017-18, (b) 2018-19, (c) 2019-20, (d) 2020-21 and (c) 2021-22 based on a rate of (i) 5 percent, (ii) 4 percent, (iii) 3 percent, (iv) 2 percent, (v) 1 percent and (vi) 0 percent for VAT on fuel.
tabling member constituency	East Lothian
tabling member printed	Kenny MacAskill
uin	129257
answer	answer is ministerial correction date of answer 08/03/2022 answer text <p>HMRC publishes estimates of the cost to the Exchequer of the current 5 percent reduced rate of VAT on supplies of domestic fuel and power:</p><p><a href="https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs" target="_blank">https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs</a></p><p> </p><p>The estimates shown in the published table represent the cost of the 5 per cent reduced rate compared to the 20 per cent standard rate, a relief of 15 per cent. Estimates of the additional revenue cost of rates below 5 per cent can be derived by taking the respective proportions of the current cost, as shown in the table below:</p><p> </p><p> </p><p> </p><p> </p><table><tbody><tr><td colspan="6"><p>Reduced rate of VAT on supplies of domestic fuel and power</p></td></tr><tr><td><p> </p></td><td><p>2017-18</p></td><td><p>2018-19</p></td><td><p>2019-20</p></td><td><p>2020-21</p></td><td><p>2021-22</p></td></tr><tr><td><p>£ million</p></td><td colspan="5"><p>Forecast</p></td></tr><tr><td><p>Cost of current 5 per cent reduced rate</p></td><td><p>4,700</p></td><td><p>4,700</p></td><td><p>5,000</p></td><td><p>4,500</p></td><td><p>5,200</p></td></tr><tr><td><p>Additional revenue cost of 4 per cent rate</p></td><td><p>300</p></td><td><p>300</p></td><td><p>300</p></td><td><p>300</p></td><td><p>300</p></td></tr><tr><td><p>Additional revenue cost of 3 per cent rate</p></td><td><p>600</p></td><td><p>600</p></td><td><p>700</p></td><td><p>600</p></td><td><p>700</p></td></tr><tr><td><p>Additional revenue cost of 2 per cent rate</p></td><td><p>900</p></td><td><p>900</p></td><td><p>1,000</p></td><td><p>900</p></td><td><p>1,000</p></td></tr><tr><td><p>Additional revenue cost of 1 per cent rate</p></td><td><p>1,300</p></td><td><p>1,300</p></td><td><p>1,300</p></td><td><p>1,200</p></td><td><p>1,400</p></td></tr><tr><td><p>Additional revenue cost of 0 per cent rate</p></td><td><p>1,600</p></td><td><p>1,600</p></td><td><p>1,700</p></td><td><p>1,500</p></td><td><p>1,700</p></td></tr></tbody></table><p> </p><p>These estimates are based on economic statistics on household expenditure on domestic fuel and power, as published by the Office for National Statistics. HMRC is unable to produce estimates based on VAT return data because businesses are not required to provide figures at a product level on their VAT returns, as this would impose an excessive administrative burden.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 08/03/2022 15:15:39 answering member 4517 label Biography information for Lucy Frazer
tabling member	4772 label Biography information for Kenny MacAskill

1402052

registered interest
date	11/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fuels: VAT
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what representations they have received from industry and consumer groups to end or suspend VAT on fuel bills; and what steps they intend to take on this matter.
tabling member printed	Lord Allen of Kensington
uin	HL5284
answer	answer is ministerial correction date of answer 25/01/2022 answer text <p>In recognition of the fact that families should not have to bear all the VAT costs they incur to meet their needs, domestic fuels such as gas and electricity are already subject to the reduced rate of 5 per cent of VAT. The Government keeps all taxes under review but going further would impose significant additional pressure on the public finances, to which VAT makes a significant contribution.</p><p> </p><p>The Government has introduced a raft of measures to support vulnerable households with the cost of energy, including increasing the Warm Home Discount, Winter Fuel Payments, and Cold Weather Payments. This is alongside introducing the £500 million Household Support Fund and giving working families on Universal Credit an average of £1,000 more per year.</p> answering member printed Viscount Younger of Leckie question first answered 25/01/2022 17:03:48 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	4304 label Biography information for Lord Allen of Kensington

1052246

registered interest
date	31/01/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fuels: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much money accrued to the public purse from VAT on (a) domestic and (b) other fuel in 2017-18.
tabling member constituency	Christchurch
tabling member printed	Sir Christopher Chope
uin	215072
answer	answer is ministerial correction date of answer 05/02/2019 answer text <p>The details that HM Revenue and Customs (HMRC) collects from taxpayers on their VAT returns are not specific enough to enable the revenue arising from these supplies to be quantified precisely. HMRC does not require detail on particular products and customer types because it would place a considerable administrative burden on businesses.</p><p> </p><p>However, HMRC has estimated (using other data sources) that the cost to the Exchequer of the 5 per cent reduced rate of VAT on domestic fuel and power, compared to charging the standard rate, was £4.7 billion in 2017-18. This estimate is included in HMRC’s publication ‘Estimated costs of principal tax reliefs’ which may be found here:</p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/774765/Jan19_Principal_Reliefs_Final.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/774765/Jan19_Principal_Reliefs_Final.pdf</a></p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 05/02/2019 16:34:24 answering member 3935 label Biography information for Mel Stride
tabling member	242 label Biography information for Sir Christopher Chope