Question to the HM Treasury:
To ask Her Majesty's Government what has been the net income to HM Treasury from VAT in each of the last 12 months.
Monthly Net VAT receipts for the period April 2019 to March 2020 are as follows:
Month | Net VAT (£millions) |
April 2019 | 13,041 |
May 2019 | 10,994 |
June 2019 | 8,118 |
July 2019 | 13,640 |
August 2019 | 12,446 |
September 2019 | 8,254 |
October 2019 | 13,578 |
November 2019 | 13,031 |
December 2019 | 7,622 |
January 2020 | 14,476 |
February 2020 | 12,585 |
March 2020 | 2,352 |
Net VAT is the total of Home VAT and Import VAT. Figures are given to the nearest £1 million.