VAT
(asked on 16th January 2015) - View Source
Question to the HM Treasury:
To ask Her Majesty’s Government how much the increase in VAT has yielded in each year since 2011.
This question was answered on 2nd February 2015
In the Budget of June 2010 it was forecast that the VAT rate increase would raise £3bn in 2010-11, £12bn in 2011-12, and a further £13bn each year from 2012-13 to 2014-15. No current estimate has been made of how much the increase has yielded in each year since 2011.