VAT

(asked on 23rd March 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, with reference to table 2.1, line 47 of the Budget 2016, how much additional VAT was raised in 2016-17 under that measure; and what estimate he has made of the change to the 2017-18 tax level against the baseline projection contained in that table.


Answered by
 Portrait
Jane Ellison
This question was answered on 28th March 2017

The period of account for 2016-17 closes on 31 March for Corporation Tax and VAT payers and 5 April for individuals. Relevant receipts data for these measures in this year is not yet available and will be finalised over the following months.

The estimated tax revenue impacts in 2017-18 for these measures were not changed at Budget 2017 from those previously published.

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