High Speed 2 Railway Line

(asked on 11th February 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what proportion of High Sped Two's construction costs will be recouped through (a) VAT, (b) corporation tax, (c) income tax and (d) National Insurance being levied on (i) the bodies contracted to construct the project and (ii) their employees.


Answered by
Jesse Norman Portrait
Jesse Norman
Shadow Leader of the House of Commons
This question was answered on 18th February 2020

HM Revenue and Customs (HMRC) are unable to provide estimates on how much will be recouped from High Speed Two's construction costs.

HMRC publish aggregate level statistics on annual and monthly revenue on GOV.UK here: https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk

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