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Written Question
Electronic Publishing: VAT
Monday 8th December 2014

Asked by: Elfyn Llwyd (Plaid Cymru - Dwyfor Meirionnydd)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the total revenue from taxation levied on e-books, digital magazines and digital newspapers in each of the last three years; and what estimate he has made of the further revenue that will accrue from the forthcoming changes to VAT place of supply rules on those products from 1 January 2015.

Answered by David Gauke

No reliable estimate has been possible for the total revenue from VAT levied on e-books in each of the last three years. HMRC estimates that additional revenues as a result of the change to the VAT place of supply rules for telecommunications, broadcasting and e-services for years 2014-15 and 2015-16 will be £70m and £300m respectively.

Speech in Westminster Hall - Tue 11 Nov 2014
UK Acorn Finance (Mortgages)

"It is a great pleasure, Mr Turner, to see you in the Chair and to serve under your able chairmanship.

I preface my comments by saying that, as a member of the legal profession, I am not given to making serious allegations about professional people; in fact, over the past …..."
Elfyn Llwyd - View Speech

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Speech in Westminster Hall - Tue 11 Nov 2014
UK Acorn Finance (Mortgages)

"That is precisely the point. The farming community has been through a rather tortuous time in any event, in terms of income streams over the past five to seven years, so my hon. Friend’s point is absolutely correct. Farmers are more prone, but they are also in a worse position: …..."
Elfyn Llwyd - View Speech

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Speech in Westminster Hall - Tue 11 Nov 2014
UK Acorn Finance (Mortgages)

"The hon. Gentleman is absolutely correct. That is certainly the conclusion to which I have come, as have several other Members of Parliament with constituents who have been badly affected by these scams—I can think of a worse word than scam, but not a polite one. As my hon. Friend …..."
Elfyn Llwyd - View Speech

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Speech in Westminster Hall - Tue 11 Nov 2014
UK Acorn Finance (Mortgages)

"Yes, they did, and I want to say a brief word about that towards the conclusion of my remarks. At least 44 cases were reported to the Avon and Somerset police, who unfortunately, took very little interest in what was going on—the chief executive of Avon and Somerset police is …..."
Elfyn Llwyd - View Speech

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Speech in Westminster Hall - Tue 11 Nov 2014
UK Acorn Finance (Mortgages)

"Absolutely, and the hon. Member for Kilmarnock and Loudoun made that point earlier. The hon. Member for Strangford (Jim Shannon) made that point well, and I am sure that the Minister heard it. I did not know that the hon. Gentleman also had constituents who were affected, but the case …..."
Elfyn Llwyd - View Speech

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Speech in Westminster Hall - Tue 11 Nov 2014
UK Acorn Finance (Mortgages)

"I must say I am encouraged by the Minister’s response, because I believe she will diligently pass on the information about this case, and I am grateful for that. However, on commercial lending being different from domestic lending, there is every reason to leave farms in the domestic area, because …..."
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Speech in Westminster Hall - Tue 11 Nov 2014
UK Acorn Finance (Mortgages)

"The Minister is, may I respectfully say, very responsive to what has been said. The hon. Member for Kilmarnock and Loudoun made the point that farms are a special case. We have already mentioned that they are often asset-rich but cash-poor; so they are there for the picking. Given that, …..."
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Speech in Commons Chamber - Tue 24 Jun 2014
Wales Bill

"I am following the right hon. Gentleman’s argument and I fully accept what he says about the benefits of a reserved powers model. However, it seems to us that the problem with the new clause is that it relies on a report some time in the future to bring that …..."
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Speech in Commons Chamber - Tue 24 Jun 2014
Wales Bill

"I am listening intently to the hon. Lady’s arguments about the benefits of a reserved powers model, and I fully agree with her. I was here when the original Wales Bill was drafted some years ago. Why was it not put in as it was for Scotland at that stage, …..."
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