1-20 of 961 results for subject:VAT
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To ask Her Majesty's Government whether they will (1) cancel, or (2) delay, the planned VAT rise on culture tickets, given the COVID-19 Plan B restrictions.
To ask Her Majesty's Government whether they will (1) cancel, or (2) delay, the planned VAT rise on culture tickets, given the COVID-19 Plan B restrictions.
All taxes are kept under review, but there are no plans to extend the 12.5 per cent reduced rate of VAT. This relief has cost over £8 billion. Applying a reduced rate of VAT for a longer period would impose additional pressure on the public finances, to which VAT makes a significant contribution.
To ask Her Majesty's Government what plans they have (1) to extend VAT relief, and (2) to reduce business rates, to support businesses implementing the new COVID-19 restrictions.
To ask Her Majesty's Government what plans they have (1) to extend VAT relief, and (2) to reduce business rates, to support businesses implementing the new COVID-19 restrictions.
The reduced rate of VAT for hospitality and tourism has cost over £8 billion and will continue to support businesses until 31 March 2022. There are no plans to extend the length of this relief. Eligible businesses in the retail, hospitality, and leisure sectors in England will benefit from business rates relief worth over £6 billion in the year 2021-22. All taxes are kept under review, but it is appropriate that the temporary tax reliefs are first reduced, and then removed, in order to strengthen and rebuild the public finances.
To ask Her Majesty's Government, following the introduction of Plan B COVID-19 restrictions, whether they will cancel the planned VAT rise on cultural exhibition and event tickets.
To ask Her Majesty's Government, following the introduction of Plan B COVID-19 restrictions, whether they will cancel the planned VAT rise on cultural exhibition and event tickets.
All taxes are kept under review, but there are no plans to extend the 12.5 per cent reduced rate of VAT. This relief has cost over £8 billion. Applying a reduced rate of VAT for a longer period would impose additional pressure on the public finances, to which VAT makes a significant contribution.
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of temporarily cutting VAT on energy to assist vulnerable households with rising energy costs.
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of temporarily cutting VAT on energy to assist vulnerable households with rising energy costs.
VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. While there are exceptions to the standard rate, these have always been limited by both legal and fiscal considerations.
However, in recognition of the fact that families should not have to bear all of the VAT costs they incur to meet their needs, domestic energy such as gas and electricity, as well as heating fuels and oils, is subject to a reduced rate of VAT of 5 per cent.
Although the Government keeps all taxes under review, there are currently no plans to change the VAT treatment of domestic energy.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether organisations that have received funding from the Tampon Tax Fund will continue to receive Government funding after the end of the fund.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether organisations that have received funding from the Tampon Tax Fund will continue to receive Government funding after the end of the fund.
The Chancellor announced on 1st January 2021 that the ‘Tampon Tax’ would end. This was due to exiting the EU and the UK no longer being bound by the EU VAT Directive to charge 5% tax on all sanitary products. The final competition round for funding took place in 2021 with all successful applicants announced on gov.uk on Tuesday 16th November.
As is set out in organisations’ grant agreements (and originally within guidance to applicants) funding is delivered for projects over a set period of time, and projects are designed on this basis. Applicants were asked to outline the long-term sustainability of project activities, demonstrating that the impact of the project will last beyond Tampon Tax funding. Furthermore, applicants were asked to explain how they would use up to 10% of their grant funding to improve the sustainability of their organisations.The 26 live Tampon Tax Fund grants will end by 31st March 2023.
As VAT on sanitary products ceased on the 1st January 2021, there will be no further funds to distribute.
Letter dated 13/12/2021 from Lucy Frazer MP to Angela Eagle MP and Christopher Chope MP regarding the powers contained in the Finance Bill 2021-22. Includes Annex: Finance (No. 2) Bill: Clauses with powers to make secondary legislation. 36p.
Letter dated 13/12/2021 from Lucy Frazer MP to Angela Eagle MP and Christopher Chope MP regarding the powers contained in the Finance Bill 2021-22. Includes Annex: Finance (No. 2) Bill: Clauses with powers to make secondary legislation. 36p.
To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of reducing the rate of VAT payable on solar panels and battery storage installation.
To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of reducing the rate of VAT payable on solar panels and battery storage installation.
Extending the current relief would impose additional pressure on the public finances, to which VAT makes a significant contribution. VAT raised around £130 billion in the year 2019-20, and helps to fund key spending priorities, including on health, education, and defence.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 20 October 2021 to Question 56446 on Electric Vehicles: Charging Points, what estimate he has made of the potential cost of extending the 5 per cent VAT rate applied to charging electric vehicles at home to all electric...
To ask the Chancellor of the Exchequer, pursuant to the Answer of 20 October 2021 to Question 56446 on Electric Vehicles: Charging Points, what estimate he has made of the potential cost of extending the 5 per cent VAT rate applied to charging electric vehicles at home to all electric...
The requested information is not available. HMRC does not hold information on VAT revenue from specific products or services because businesses are not required to provide figures at a product level on their VAT returns as this would impose an excessive administrative burden.
To ask Her Majesty's Government what plans they have to freeze the current rate of VAT to (1) encourage investment, and (2) create jobs in the hospitality and tourism sector.
To ask Her Majesty's Government what plans they have to freeze the current rate of VAT to (1) encourage investment, and (2) create jobs in the hospitality and tourism sector.
The temporary reduced rate of VAT was introduced on 15 July 2020 to support the cash flow and viability of around 150,000 businesses and protect over 2.4 million jobs in the hospitality and tourism sectors. As announced at Spring Budget 2021, the Government extended the 5 per cent temporary reduced rate of VAT for the tourism and hospitality sectors until the end of September 2021. On 1 October 2021, a new reduced rate of 12.5 per cent was introduced for these goods and services to help ease affected businesses back to the standard rate. This new rate will end on 31 March 2022.
This relief has cost over £8 billion and, whilst all taxes are kept under review, there are no plans to extend the 12.5 per cent reduced rate of VAT. The Government has been clear that this relief is a temporary measure designed to support the sectors that have been severely affected by COVID-19. It is appropriate that as restrictions are lifted and demand for goods and services in these sectors increases, the temporary tax reliefs are first reduced, and then removed, in order to rebuild and strengthen the public finances.
To ask the Chancellor of the Exchequer, if he will make an estimate of the annual revenue to the Exchequer that would have arisen in 2019-20 from extending (a) the present road fuel duty applicable to petrol to aviation fuel and (b) standard rate value added tax to airline passenger...
To ask the Chancellor of the Exchequer, if he will make an estimate of the annual revenue to the Exchequer that would have arisen in 2019-20 from extending (a) the present road fuel duty applicable to petrol to aviation fuel and (b) standard rate value added tax to airline passenger...
Air Passenger Duty (APD) is the Government’s principal tax on the aviation sector, since tickets are VAT free and aviation fuel incurs no duty. Members of the International Civil Aviation Organisation (ICAO), including the United Kingdom, are prevented from taxing international aviation fuel, or any proxies for fuel, under the Chicago Convention.
APD raised £3.6 billion in 2019-20 and its primary objective is to ensure that airlines make a fair contribution to the public finances. APD is paid by airlines and is levied on a per-passenger basis on all flights departing UK airports.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 29 November 2021 to Question 78497 on Energy: Conservation, whether his Department has made an assessment of the potential merits of extending the 5 percent reduced rate to the supply of certain energy-saving materials.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 29 November 2021 to Question 78497 on Energy: Conservation, whether his Department has made an assessment of the potential merits of extending the 5 percent reduced rate to the supply of certain energy-saving materials.
The Government maintains a reduced rate of VAT of 5 per cent on the installation of many energy saving materials, subject to certain conditions.
Going further would impose additional pressure on the public finances, to which VAT makes a significant contribution. VAT raised around £130 billion in the year 2019-20, and helps to fund key spending priorities, including on health, education, and defence.
The Government keeps all taxes under review.
In this season of generosity and good will, will the Chancellor deliver a gift to the hard-pressed hospitality and tourism sector and amend the Finance (No. 2) Bill to extend the lower rate of VAT beyond March next year?
In this season of generosity and good will, will the Chancellor deliver a gift to the hard-pressed hospitality and tourism sector and amend the Finance (No. 2) Bill to extend the lower rate of VAT beyond March next year?
I am glad that our VAT cuts extend all the way to spring. It is a £7 billion tax cut, and next year, as I have said, there is a 50% discount on business rates.
I am glad that our VAT cuts extend all the way to spring. It is a £7 billion tax cut, and next year, as I have said, there is a 50% discount on business rates.
I am glad that our VAT cuts extend all the way to spring. It is a £7 billion tax cut, and next year, as I have said, there is a 50% discount on business rates.
In this season of generosity and good will, will the Chancellor deliver a gift to the hard-pressed hospitality and tourism sector and amend the Finance (No. 2) Bill to extend the lower rate of VAT beyond March next year?
To ask the Chancellor of the Exchequer, pursuant to the Answer of 22 November 2021 to Question 76540 on Heating: VAT, for what reason heat batteries are not considered to be an Energy Saving Material.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 22 November 2021 to Question 76540 on Heating: VAT, for what reason heat batteries are not considered to be an Energy Saving Material.
Heat batteries are not defined as energy-saving materials in VAT legislation. Although the Government keeps all taxes under review, there are no plans to extend this definition.
However, the installation of a battery may benefit from the 5% reduced rate of VAT if it is ancillary to the installation of a qualifying energy-saving material (for example, solar panels) in residential accommodation. Further information can be found in VENSAV3200 and 3210 in HMRC guidance, which is available on GOV.UK.
To ask the Chancellor of the Exchequer, how many calls made to the HMRC VAT helpline were (a) answered and (b) not answered within ten minutes in each of the last 36 months.
To ask the Chancellor of the Exchequer, how many calls made to the HMRC VAT helpline were (a) answered and (b) not answered within ten minutes in each of the last 36 months.
Information on HMRC performance can be found here:
https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates
https://www.gov.uk/government/collections/hmrc-monthly-performance-reports
To ask the Chancellor of the Exchequer, how many calls made to the HMRC VAT helpline were (a) answered and (b) not answered within five minutes in each of the last 36 months.
To ask the Chancellor of the Exchequer, how many calls made to the HMRC VAT helpline were (a) answered and (b) not answered within five minutes in each of the last 36 months.
Information on HMRC performance can be found here:
https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates
https://www.gov.uk/government/collections/hmrc-monthly-performance-reports
My right honourable friend the Financial Secretary to the Treasury (Lucy Frazer) has today made the following Written Ministerial Statement.
Autumn Budget and Spending Review 2021 announced that the government would bring forward a further set of plans for tax administration and maintenance later in the autumn, which follows a similar...
My right honourable friend the Financial Secretary to the Treasury (Lucy Frazer) has today made the following Written Ministerial Statement.
Autumn Budget and Spending Review 2021 announced that the government would bring forward a further set of plans for tax administration and maintenance later in the autumn, which follows a similar...