Fuels: VAT

Summary

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, (

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Timeline

1. 24 February 2022

   Written question

   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, (

   Source: Commons

2. 8 March 2022

   Answer

   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:https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs The estimates shown in the publ...

   Source: Written answer

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• · Treasury · Answering body

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