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My right honourable friend the Financial Secretary to the Treasury (Greg Clark) has today made the following Written Ministerial Statement.
A meeting of the Economic and Financial Affairs Council was held in Brussels on 4 December 2012. Ministers discussed the following items:
Banking supervision mechanism
Ministers discussed the latest proposal for...
My right honourable friend the Financial Secretary to the Treasury (Greg Clark) has today made the following Written Ministerial Statement.
A meeting of the Economic and Financial Affairs Council was held in Brussels on 4 December 2012. Ministers discussed the following items:
Banking supervision mechanism
Ministers discussed the latest proposal for...
My right honourable friend the Financial Secretary to the Treasury (Greg Clark) has today made the following Written Ministerial Statement.
A meeting of the Economic and Financial Affairs Council will be held in Brussels on 4 December 2012. We expect the following items to be on the agenda and discussed.
Banking...
My right honourable friend the Financial Secretary to the Treasury (Greg Clark) has today made the following Written Ministerial Statement.
A meeting of the Economic and Financial Affairs Council will be held in Brussels on 4 December 2012. We expect the following items to be on the agenda and discussed.
Banking...
To ask Her Majesty’s Government whether they will defer the introduction of value added tax in the Turks and Caicos Islands.[HL3098]
To ask Her Majesty’s Government whether they will defer the introduction of value added tax in the Turks and Caicos Islands.[HL3098]
The introduction of value added tax (VAT) is a decision for the Turks and Caicos Islands Government. The VAT Bill was signed into law on 18 July 2012 and will come into force on 1 April 2013.
To ask Her Majesty’s Government whether they have plans to abolish or suspend VAT on energy, or to review subsidies paid to green energy generators; and whether they have made an assessment of the impact of such measures on energy price stability. [HL2785]
To ask Her Majesty’s Government whether they have plans to abolish or suspend VAT on energy, or to review subsidies paid to green energy generators; and whether they have made an assessment of the impact of such measures on energy price stability. [HL2785]
Under EU VAT law, we are unable to extend the scope of the zero-rate provisions, nor are we be able to introduce new ones even on a temporary basis.
The recent renewables obligation (RO) banding review looked at the subsidy levels paid to renewables. The banding review reduced support levels where costs have fallen. For instance, support for onshore wind has been reduced by 10% to bring forward the most cost-effective developments.
Diversifying our energy mix will reduce our dependence on volatile imported energy. We are reforming the market to bring on investment in home grown renewables and nuclear. This will not only help cut emissions but protect consumers from the price spikes we have recently seen. Energy and climate change policies will reduce the UK's sensitivity to spikes in global oil, gas and coal prices by 30% in 2020 and 60% in 2050.
To ask Her Majesty’s Government what percentage of the average energy bill paid by consumers arises from VAT and environmental subsidies.[HL2784]
To ask Her Majesty’s Government what percentage of the average energy bill paid by consumers arises from VAT and environmental subsidies.[HL2784]
VAT represents 5% of an average household energy bill. DECC estimates that the costs of energy and climate change policies represent around 7% of an average household dual fuel bill in 20111. These largely relate to policies designed to improve the energy efficiency of our homes, reduce our reliance on fossil fuels and provide support with energy costs for eligible low-income and vulnerable energy customers.
Updated analysis will be published later this year in the Estimated Impacts of Energy and Climate Change Policies on Energy Prices and Bills publication which will appear alongside the annual energy statement.
Analysis published in November 2011 and available online at: http://www.decc.gov.uk/en/content/cms/meeting_energy/aes/impacts/impacts.aspx.
To ask Her Majesty’s Government how much they expect to raise from the imposition of VAT on charities in relation to the maintenance of listed buildings.[HL2055]
To ask Her Majesty’s Government how much they expect to raise from the imposition of VAT on charities in relation to the maintenance of listed buildings.[HL2055]
There has been no change to the VAT treatment of maintaining listed buildings. The Finance Bill removed the anomaly whereby approved alterations to certain listed buildings are zero-rated for VAT purposes but alterations to other types of building and the repair and maintenance of all buildings are standard-rated.
On 28 June 2012 HM Revenue and Customs published, on its website, a summary of responses to its consultation “VAT: Addressing VAT borderline anomalies”. Annex B in the document contains a revised assessment of the impacts of the proposed changes to alterations to listed buildings.
The published Exchequer impact (£m) for the listed buildings measure in the responses document is as follows:
| 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 |
| 35 | 85 | 95 | 110 | 125 |
The responses document also explained that, in addition, changes to the policy made as a result of consultation are expected to decrease receipts, from the above, by approximately £5 million in 2012-13 and 2013-14. This is to take account of the revised transitional arrangements. The final costing for the policy change will be subject to scrutiny by the Office for Budget Responsibility and will be set out in the Autumn Statement 2012.
These estimates apply to all listed buildings affected by the change and separate estimates are not available for the impact on charities.
Annex B of the responses document also clarifies that the scope of the Listed Places of Worship Grant scheme will be extended to cover alterations as well as repairs and that funding for the scheme will be increased by £30 million per annum.
To ask Her Majesty’s Government what assessment they have made of the effect on United Kingdom interests of the application to the sale of digital books and other digital publications of a 3 per cent VAT rate by Luxembourg and a 5.5 per cent VAT rate by France. [HL2180]
To ask Her Majesty’s Government what assessment they have made of the effect on United Kingdom interests of the application to the sale of digital books and other digital publications of a 3 per cent VAT rate by Luxembourg and a 5.5 per cent VAT rate by France. [HL2180]
The Government do not believe that the reduced rates applied to digital books and other publications by France and Luxembourg, the effects of which it has not assessed, are compatible with the European Council Directive on the common system of value added tax. It is in the UK’s interest to ensure that agreed European Union rules are enforced. The Government made their views clear to the European Commission, part of whose function is to ensure that EU law is upheld by member states. In a press release on 3 July 2012 the Commission announced the start of investigations into whether there had been an infringement of EU level legislation.
To ask Her Majesty’s Government what assessment they have made about the compatibility of the application to the sale of digital books and other digital publications of a 3 per cent VAT rate by Luxembourg and a 5.5 per cent VAT rate by France with Council Directive 2006/112/EC on the...
To ask Her Majesty’s Government what assessment they have made about the compatibility of the application to the sale of digital books and other digital publications of a 3 per cent VAT rate by Luxembourg and a 5.5 per cent VAT rate by France with Council Directive 2006/112/EC on the...
The Government do not believe that the reduced rates applied to digital books and other publications by France and Luxembourg, the effects of which it has not assessed, are compatible with the European Council Directive on the common system of value added tax. It is in the UK’s interest to ensure that agreed European Union rules are enforced. The Government made their views clear to the European Commission, part of whose function is to ensure that EU law is upheld by member states. In a press release on 3 July 2012 the Commission announced the start of investigations into whether there had been an infringement of EU level legislation.
To ask Her Majesty’s Government, in the light of the fact that planning for the new Bomber Command Memorial pre-dated the expiry of a Government scheme which exempted war memorials from VAT, whether they will waive the VAT on that memorial.[HL1453]
To ask Her Majesty’s Government, in the light of the fact that planning for the new Bomber Command Memorial pre-dated the expiry of a Government scheme which exempted war memorials from VAT, whether they will waive the VAT on that memorial.[HL1453]
The Memorials Grant Scheme exists to make grants equivalent to the VAT incurred by registered charities on eligible works to establish or maintain memorials. It has not expired and I am pleased to confirm that the Department for Culture, Media and Sport has contributed £1 million towards the VAT costs of the Bomber Command Memorial, through the Memorials Grant Scheme and
a separate capital grant. The department also contributed £200,000 to the costs of the opening ceremony of the memorial.
My honourable friend the Exchequer Secretary to the Treasury (David Gauke) has today made the following Written Ministerial Statement.
Budget 2012 announced a number of tax policy changes that will be subject to consultation. HM Revenue and Customs is today publishing the following documents:
High-risk areas of the Tax Code: the...
My honourable friend the Exchequer Secretary to the Treasury (David Gauke) has today made the following Written Ministerial Statement.
Budget 2012 announced a number of tax policy changes that will be subject to consultation. HM Revenue and Customs is today publishing the following documents:
High-risk areas of the Tax Code: the...
To ask Her Majesty’s Government, further to the Written Answer by Lord Sassoon on 11 June (WA 158), in the light of the feeding of guide dogs with a specialised feed which is different to the standard dog food rated as pet food, whether they will apply a zero rate...
To ask Her Majesty’s Government, further to the Written Answer by Lord Sassoon on 11 June (WA 158), in the light of the feeding of guide dogs with a specialised feed which is different to the standard dog food rated as pet food, whether they will apply a zero rate...
Agreements with our European Union partners mean it is not possible to extend existing zero-rates or to introduce new ones.
To ask Her Majesty’s Government what is the planned timescale for the introduction of value added tax in the Turks and Caicos Islands.[HL1147]
To ask Her Majesty’s Government what is the planned timescale for the introduction of value added tax in the Turks and Caicos Islands.[HL1147]
The introduction of value added tax (VAT) is a decision for the Turks and Caicos Islands Government. A decision to introduce VAT was announced in the 2011-12 budget statement. This decision was based on thorough research and an assessment that VAT would offer a simpler, equitable and stable revenue source. A Green Paper on VAT implementation was published in May and consultation is under way on this. VAT will be implemented from 1 April 2013.
To ask Her Majesty’s Government what is their estimate of the revenue which will be raised by the introduction of value added tax in the Turks and Caicos Islands.[HL1148]
To ask Her Majesty’s Government what is their estimate of the revenue which will be raised by the introduction of value added tax in the Turks and Caicos Islands.[HL1148]
The introduction of value added tax (VAT) is a decision for the Turks and Caicos Islands Government. A decision to introduce VAT was announced in the 2011-12 budget statement. This decision was based on thorough research and an assessment that VAT would offer a simpler, equitable and stable revenue source. A Green Paper on VAT implementation was published in May and consultation is under way on this. VAT will be implemented from 1 April 2013.
To ask Her Majesty’s Government what assessment they have made of the likely impact of the introduction of value added tax on the economy of the Turks and Caicos Islands.[HL1149]
To ask Her Majesty’s Government what assessment they have made of the likely impact of the introduction of value added tax on the economy of the Turks and Caicos Islands.[HL1149]
The introduction of value added tax (VAT) is a decision for the Turks and Caicos Islands Government. A decision to introduce VAT was announced in the 2011-12 budget statement. This decision was based on thorough research and an
assessment that VAT would offer a simpler, equitable and stable revenue source. A Green Paper on VAT implementation was published in May and consultation is under way on this. VAT will be implemented from 1 April 2013.
To ask Her Majesty’s Government what consultation they have undertaken on the proposal to introduce value added tax in the Turks and Caicos Islands; what has been the response to that consultation; and what further consultation is planned.[HL1145]
To ask Her Majesty’s Government what consultation they have undertaken on the proposal to introduce value added tax in the Turks and Caicos Islands; what has been the response to that consultation; and what further consultation is planned.[HL1145]
The introduction of value added tax (VAT) is a decision for the Turks and Caicos Islands Government. A decision to introduce VAT was announced in the 2011-12 budget statement. This decision was based on thorough research and an assessment that VAT would offer a simpler, equitable and stable revenue source. A Green Paper on VAT implementation was published in May and consultation is underway on this. VAT will be implemented from 1 April 2013.
To ask Her Majesty’s Government how many submissions have been received from residents of the Turks and Caicos Islands regarding the proposal to introduce value added tax; how many public meetings have taken place to allow islanders to express their views; and whether any changes to the original proposals are...
To ask Her Majesty’s Government how many submissions have been received from residents of the Turks and Caicos Islands regarding the proposal to introduce value added tax; how many public meetings have taken place to allow islanders to express their views; and whether any changes to the original proposals are...
The introduction of value added tax (VAT) is a decision for the Turks and Caicos Islands Government. A decision to introduce VAT was announced in the 2011-12 budget statement. This decision was based on thorough research and an assessment that VAT would offer a simpler, equitable and stable revenue source. A Green Paper on VAT implementation was published in May and consultation is underway on this. VAT will be implemented from 1 April 2013.
My Lords, removing the zero rate of VAT from alterations to listed buildings, including those belonging to universities, removes a perverse incentive to change rather than repair them and ensures that all alteration works receive the same tax treatment. The change makes the VAT rules simpler for businesses to understand and reduces the scope for error and non-compliance. In the Government’s assessment of the impact of the measure included in the consultation response published on 28 June, no separate assessment was made of the impact on particular categories of listed building.
My Lords, removing the zero rate of VAT from alterations to listed buildings, including those belonging to universities, removes a perverse incentive to change rather than repair them and ensures that all alteration works receive the same tax treatment. The change makes the VAT rules simpler for businesses to understand and reduces the scope for error and non-compliance. In the Government’s assessment of the impact of the measure included in the consultation response published on 28 June, no separate assessment was made of the impact on particular categories of listed building.
To ask Her Majesty’s Government what evaluation they have made of the impact on universities of the removal of the zero rate of VAT for alterations to protected buildings.
My Lords, I fully accept that universities will be affected, but that is not a reason not to go ahead with this measure. It is for sound and principled reasons, which I have summarised. There has been an extensive consultation process, including my honourable friend the Exchequer Secretary meeting representatives
from a number of Oxbridge colleges, including the noble Baroness’s successor as principal of St Anne’s College, Oxford. There have been various numbers, including numbers coming from Oxford, which seem to vary considerably, meeting by meeting. I do not therefore recognise the £150 million figure, but I accept that there is a cost. As a result of the consultation, there have been significant changes to extend the transitional period and some of the details of the transition, but the change will go ahead.
My Lords, I fully accept that universities will be affected, but that is not a reason not to go ahead with this measure. It is for sound and principled reasons, which I have summarised. There has been an extensive consultation process, including my honourable friend the Exchequer Secretary meeting representatives
from a number of Oxbridge colleges, including the noble Baroness’s successor as principal of St Anne’s College, Oxford. There have been various numbers, including numbers coming from Oxford, which seem to vary considerably, meeting by meeting. I do not therefore recognise the £150 million figure, but I accept that there is a cost. As a result of the consultation, there have been significant changes to extend the transitional period and some of the details of the transition, but the change will go ahead.
Does the Minister fully appreciate that the proposed removal of zero-rated VAT for much needed university alterations to listed buildings will have a severe impact on those universities? Not just Oxbridge, but nearly every university old and new has listed buildings and the sector as a whole will have to find an additional £150 million over the next five years. It is like an extra tax which will reduce the amount that universities have for bursaries. Will the Minister accept that the situation could be rescued without a U-turn if the Government were to limit zero-rating to buildings owned and occupied by charities?
My Lords, it will be for the universities and colleges affected to decide what they do. We have made generous transitional arrangements which give the affected institutions time to plan. Of course, the total of higher education institutions’ funding will rise during the next two to three years, so there is time for those institutions to make the necessary decisions.
My Lords, it will be for the universities and colleges affected to decide what they do. We have made generous transitional arrangements which give the affected institutions time to plan. Of course, the total of higher education institutions’ funding will rise during the next two to three years, so there is time for those institutions to make the necessary decisions.
My Lords, does the Minister believe that the additional cost to universities resulting from the removal of the zero rate should be met from their teaching and research resources, or by an additional Higher Education Funding Council grant, or should it be passed on to the occupants of student housing?
My Lords, on the noble Lord’s first question, he makes the point that I would make: that the Listed Places of Worship Grant Scheme is a continuation of an existing scheme and not a new scheme that has been introduced. As regards his question on Europe, we need to abide by the VAT rules that Europe sets. Those rules very seriously constrain us, and the noble Lord makes the important point that we have to work within those constraints.
My Lords, on the noble Lord’s first question, he makes the point that I would make: that the Listed Places of Worship Grant Scheme is a continuation of an existing scheme and not a new scheme that has been introduced. As regards his question on Europe, we need to abide by the VAT rules that Europe sets. Those rules very seriously constrain us, and the noble Lord makes the important point that we have to work within those constraints.
My Lords, if the Government are to continue with the Listed Places of Worship Grant Scheme, why do they not introduce a listed places of learning grant scheme? Better still, why do they not abandon their defeatist attitude towards the European Union and reopen vigorous negotiations with the European Commission to secure a unified zero rate of VAT for both alterations and repairs to heritage buildings?