Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether his Department has assessed the potential merits of reducing VAT on low-fat percentage food products from 20 to five per cent; and if he will make a statement.
A zero rate of VAT already applies to many foods, including for example fresh fruit and vegetables. The 20 per cent VAT rate applies to foods such as ice cream, confectionary and potato crisps.