VAT
(asked on 28th January 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the cost to the public purse of businesses invoicing VAT on goods and services discounted for early payment in cases when the discount is not subsequently applied.
This question was answered on 3rd February 2015
The introduction of this measure will protect over £250 million pounds of tax revenue per annum.