VAT

(asked on 20th March 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to undertake a review of levels of VAT.


Answered by
Victoria Atkins Portrait
Victoria Atkins
Shadow Secretary of State for Environment, Food and Rural Affairs
This question was answered on 23rd March 2023

VAT is the UK’s third largest tax forecast to raise £161 billion in 2023/24, helping to fund key spending priorities such as public services, including the NHS, education and defence.

Although the Government keeps all taxes under review, there are no current plans to change the levels of VAT.

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