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