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United Kingdom · Question · Written question

UIN 129256

Fuels: VAT

answeredUnited Kingdom· UK Parliament· EN

Introduced

24 February 2022

Last action

7 March 2022 · Answer

Status

Answered

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Discovery layer

Source updated

7 March 2022

Summary

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.

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Timeline

  1. 24 February 2022

    Written question

    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.

    Source: Commons

  2. 7 March 2022

    Answer

    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 p...

    Source: Written answer

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