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1349553

registered interest
date	22/07/2021
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 the steps he plans to take following the publication of the responses to the call for evidence on the consultation on VAT reform in the sharing economy.
tabling member constituency	Bridgwater and West Somerset
tabling member printed	Mr Ian Liddell-Grainger
uin	38151
answer	answer is ministerial correction date of answer 10/09/2021 answer text <p>The Government is continuing to evaluate the potential VAT challenges created by the growth of the sharing economy and remains committed to continuing engagement with all interested stakeholders.</p><p> </p><p>In accordance with the Government’s tax policy making process, it will provide updates on this work in due course and will consult widely on any proposed policy changes.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 10/09/2021 13:32:22 answering member 3991 label Biography information for Jesse Norman
tabling member	1396 label Biography information for Mr Ian Liddell-Grainger

1349260

registered interest
date	21/07/2021
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, if he will make an assessment of the potential merits of a permanent reduction in VAT to encourage environmentally sustainable consumer choices.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	37517
answer	answer is ministerial correction date of answer 10/09/2021 answer text <p>In order to support the cash flow and viability of around 150,000 businesses and to protect over 2.4 million jobs, the Government has applied a temporary reduced rate of VAT (5 per cent) to goods and services supplied by the tourism and hospitality sectors, which will now end on 30 September 2021. On 1 October 2021, a new reduced rate of 12.5 per cent will be introduced for these goods and services to help affected businesses manage the transition back to the standard rate. The new rate will end on 31 March 2022.</p><p> </p><p>The Government has been clear that the reduced rate of VAT is a temporary measure. It is right that, as restrictions are lifted and demand for goods and services in the tourism and hospitality sectors increases, this relief is reduced and eventually removed in order to rebuild and strengthen the public finances. This policy will cost the Exchequer over £7 billion and, while the Government keeps all taxes under review, there are no plans to make the reduced rate of VAT permanent.</p><p> </p><p>VAT raised around £130 billion in 2019/20 and helps to fund key spending priorities. Any reduction in tax paid is a reduction in the money available to support important public services, including the NHS and policing. While all taxes are kept under review, any decision to grant new permanent VAT reliefs would have to be balanced by a reduction in public spending, increased borrowing or increased taxation elsewhere.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 37518 41325 question first answered 10/09/2021 13:26:30 answering member 3991 label Biography information for Jesse Norman
tabling member	4471 label Biography information for Rachael Maskell

1315131

registered interest
date	17/05/2021
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, how his Department works with HMRC to help ensure that VAT rulings are equitable to all stakeholders; and whether his Department monitors the appeals process of those decisions.
tabling member constituency	Peterborough
tabling member printed	Paul Bristow
uin	2469
answer	answer is ministerial correction date of answer 25/05/2021 answer text <p>HM Treasury has no statutory authority over the application of VAT rulings or the appeals process of those decisions; this is wholly within the remit of HM Revenue and Customs. HM Revenue and Customs apply the law objectively to ensure that businesses apply the tax rules correctly.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 25/05/2021 16:08:31 answering member 3991 label Biography information for Jesse Norman
tabling member	4792 label Biography information for Paul Bristow