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1659241
registered interest false more like this
date less than 2023-09-07more like thismore than 2023-09-07
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Childcare: VAT more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what assessment they have made of (1) the average expenditure on VAT by private, voluntary and independent childcare providers, and (2) the cost to the Treasury of zero-rating those childcare providers. more like this
tabling member printed
Lord Browne of Ladyton more like this
uin HL9976 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2023-09-18more like thismore than 2023-09-18
answer text <p>VAT has been designed as a broad-based tax on consumption, and the twenty per cent standard rate applies to most goods and services. Exceptions to the standard rate have always been strictly limited by both legal and fiscal considerations.</p><p> </p><p>Ofsted-registered nurseries and childcare providers are exempt from VAT. This means they do not have to charge VAT to their customers, but it also means they cannot recover the VAT they incur on the things they buy.</p><p> </p><p>We do not hold data on irrecoverable VAT expenditure as businesses are not required to report this information to HMRC in their VAT returns.</p><p> </p><p>While we keep all taxes under review there are no plans to make changes to the VAT exemption which nurseries currently enjoy. Representations on changes to the VAT system will be considered through the normal fiscal event process.</p> more like this
answering member printed Baroness Penn more like this
question first answered
less than 2023-09-18T14:25:54.59Zmore like thismore than 2023-09-18T14:25:54.59Z
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
620
label Biography information for Lord Browne of Ladyton more like this