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Written question asked by Andrew MacKay (Conservative) on Monday, 15 December 2008, in the House of Commons. It was due for an answer on Thursday, 18 December 2008. It was answered by Stephen Timms (Labour) on Thursday, 18 December 2008 on behalf of the Treasury.


Value Added Tax

Question
To ask the Chancellor of the Exchequer what consideration he gave to increasing the rate of value added tax above 17.5 per cent. prior to his statement on the pre-Budget report.
Answer

As both the Prime Minister and the Chancellor of the Exchequer have already said in this House, a large number of options on just about every aspect of tax and spending were considered in the run-up to the pre-Budget report. The Chancellor announced that while VAT would comedown to 15 per cent., it would return to 17.5 per cent, at the end of 2009.


Secondary information

Type
Written question
Reference
485 c930W; 244647
Session
2008-09
Question not reached
Yes
Subjects
VAT
Link
View this Written question on www.publications.parliament.uk