VAT

(asked on 5th May 2020) - View Source

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.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 20th May 2020

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.

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