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Speech in Commons Chamber - Wed 08 Sep 2021
Health and Social Care Levy

"It is an honour to follow my hon. Friend the Member for Wellingborough (Mr Bone).

I am in absolutely no doubt that we need to raise the money to enable the NHS to recover from the pandemic. It would be wrong to raise this money through more borrowing. We should …..."

Miriam Cates - View Speech

View all Miriam Cates (Con - Penistone and Stocksbridge) contributions to the debate on: Health and Social Care Levy

Speech in Commons Chamber - Mon 24 May 2021
Finance Bill

"It is a pleasure to speak on Report of the Finance Bill. Over the past 14 months, the Government’s main concern has been to protect the UK from the worst impacts of the global pandemic. We have seen a comprehensive public health response to slow the spread of coronavirus, and …..."
Miriam Cates - View Speech

View all Miriam Cates (Con - Penistone and Stocksbridge) contributions to the debate on: Finance Bill

Speech in Commons Chamber - Mon 19 Apr 2021
Finance (No. 2) Bill

"I wish to speak to the numerous amendments and new clauses relating to corporation tax changes and the new super deduction.

As the previous speaker, the right hon. Member for Hayes and Harlington (John McDonnell), will no doubt keenly remember, raising corporation tax was one of the pillars of Labour’s …..."

Miriam Cates - View Speech

View all Miriam Cates (Con - Penistone and Stocksbridge) contributions to the debate on: Finance (No. 2) Bill

Speech in Commons Chamber - Wed 03 Feb 2021
Exiting the European Union (Excise)

"I am sure that every Member of the House would want the UK to have a fair and dynamic tax system that responds to the needs of UK citizens and reflects the economic circumstances of the time. In order to achieve that, our tax regulations must evolve and adapt, supporting …..."
Miriam Cates - View Speech

View all Miriam Cates (Con - Penistone and Stocksbridge) contributions to the debate on: Exiting the European Union (Excise)

Speech in Commons Chamber - Wed 09 Dec 2020
Taxation (Post-transition Period) Bill

"The existence and contents of the Bill encapsulate the opportunities and complexities that we, the United Kingdom of Great Britain and Northern Ireland, face as we reach the end of the transition period. As we regain control of our money, borders and laws, we have the opportunity to innovate and, …..."
Miriam Cates - View Speech

View all Miriam Cates (Con - Penistone and Stocksbridge) contributions to the debate on: Taxation (Post-transition Period) Bill

Speech in Public Bill Committees - Thu 19 Nov 2020
Financial Services Bill (Fourth sitting)

"Q You said that consumers expect different things in different markets. In your briefing note, you said that the Bill will allow the FCA to develop a methodology that is more accurate and that works for the UK market. Can you give an example of a characteristic that is …..."
Miriam Cates - View Speech

View all Miriam Cates (Con - Penistone and Stocksbridge) contributions to the debate on: Financial Services Bill (Fourth sitting)

Speech in Westminster Hall - Wed 11 Nov 2020
North of England: Economic Support

"I congratulate the hon. Member for Barnsley Central (Dan Jarvis) on securing this important debate. So much has rightly been said about levelling up and the need to spread wealth and opportunity more fairly across the nation. Following the pandemic, during which the north has suffered disproportionately, there will be …..."
Miriam Cates - View Speech

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Speech in Westminster Hall - Wed 14 Oct 2020
Productivity: Rural Areas

"I congratulate my hon. Friend the Member for North Cornwall (Scott Mann) on securing the debate.

Rural productivity is an issue of great importance to my constituents in Penistone and Stocksbridge. I recently visited a dairy farm in the constituency where farmers are working hard to improve productivity by introducing …..."

Miriam Cates - View Speech

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Speech in Commons Chamber - Wed 14 Oct 2020
Covid-19 Economic Support Package

"Does my right hon. Friend agree that, while we all want simple solutions to this crisis—whether that is the Opposition suggesting full lockdown or an unlimited extension to furlough—there are no simple solutions. This is a highly complex problem. Every intervention and every support scheme will be nuanced and will …..."
Miriam Cates - View Speech

View all Miriam Cates (Con - Penistone and Stocksbridge) contributions to the debate on: Covid-19 Economic Support Package

Written Question
Exports: VAT
Wednesday 14th October 2020

Asked by: Miriam Cates (Conservative - Penistone and Stocksbridge)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate his Department has made of the potential cost of extending the VAT Retail Export Scheme to countries in the EU from 1 January 2021.

Answered by Kemi Badenoch - Leader of HM Official Opposition

The Government has announced that the VAT Retail Export Scheme (RES) will not be extended to EU visitors, and will be withdrawn for all non-EU visitors, following the end of the transition period. However, retailers will continue to be able to offer VAT-free shopping to non-EU visitors who purchase items in store and have them sent direct to their overseas addresses and this will be available to EU visitors following the end of the transition period.

In 2019 HMRC estimate that VAT RES refunds cost around £0.5billion in VAT for around 1.2million non-EU visitors. HMRC also estimate that fewer than one in ten non-EU visitors use the VAT RES.

In 2019 the ONS estimate there were substantially more EU visitors (24.8 million) than non-EU passengers (16.0 million) to the UK. This implies an extension to EU residents would significantly increase the cost by up to an estimated £0.9billion. This would result in a large amount of deadweight loss by subsidising spending from EU visitors which already happens without a refund mechanism in place, potentially taking the total cost up to around £1.4billion per annum.

The final costing will be subject to scrutiny by the independent Office for Budget Responsibility and will be set out at the next forecast.