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United Kingdom · Question · Written question

UIN 61606

VAT: Tax Rates and Bands

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

18 June 2020

Last action

23 June 2020 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

23 June 2020

Summary

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of a time-limited reduction in VAT to support economic recovery as the covid-19 lockdown restrictions are eased.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 18 June 2020

    Written question

    To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of a time-limited reduction in VAT to support economic recovery as the covid-19 lockdown restrictions are eased.

    Source: Commons

  2. 23 June 2020

    Answer

    VAT raised over £130 billion in 2019/2020. It is a vital source of revenue for the Exchequer and plays an important part in funding the Government’s spending priorities including hospitals, schools and defence. A temporary VAT reduction therefore would co...

    Source: Written answer

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