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1052229

	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	VAT: Tax Thresholds
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the potential effect on the money accrued to the public purse of raising the maximum threshold for VAT by (a) 5 and (b) 10 per cent.
	tabling member constituency	Christchurch
	tabling member printed	Sir Christopher Chope
	uin	215069
	answer	answer is ministerial correction date of answer 05/02/2019 answer text <p>Estimates of the revenue impact of raising the registration threshold for VAT are set out in the review ‘Value added tax: routes to simplification’ by the Office of Tax Simplification, available here (see page 8): <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/657215/Value_added_tax_routes_to_simplification_print.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/657215/Value_added_tax_routes_to_simplification_print.pdf</a></p> answering member constituency Central Devon answering member printed Mel Stride question first answered 05/02/2019 16:41:36 answering member 3935 label Biography information for Mel Stride
	tabling member	242 label Biography information for Sir Christopher Chope

1052230

	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	Housing: Insulation
	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 from insulating materials for home improvement in 2018-19.
	tabling member constituency	Christchurch
	tabling member printed	Sir Christopher Chope
	uin	215070
	answer	answer is ministerial correction date of answer 05/02/2019 answer text <p>HM Revenue and Customs does not hold this information.</p><p>HMRC does not collect this level of information on its VAT returns and does not have estimates of the VAT collected on the sale of insulating materials for home improvement.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 05/02/2019 16:29:28 answering member 3935 label Biography information for Mel Stride
	tabling member	242 label Biography information for Sir Christopher Chope

1052245

	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	VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the amount of money accrued to the public purse from VAT in 2018-19; and what proportion of that amount will be payable to the European Union.
	tabling member constituency	Christchurch
	tabling member printed	Sir Christopher Chope
	uin	215071
	answer	answer is ministerial correction date of answer 05/02/2019 answer text <p>The Office for Budgetary Responsibility (OBR) has forecast, in its Economic and Fiscal Outlook- October 2018, that the UK will collect £132.2 billion in revenue from VAT in 2018-19.</p><p> </p><p>The UK does not transfer VAT receipts to the EU, and so will not do so after withdrawal from the EU.</p><p> </p><p>Details on our payments to the EU can be found in the White Paper on ‘European Union Finances’ which is published annually and is available online.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 05/02/2019 16:30:49 answering member 3935 label Biography information for Mel Stride
	tabling member	242 label Biography information for Sir Christopher Chope

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