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To ask the Secretary of State for Culture, Media and Sport, with reference to the Tourism Recovery Plan: Update on Delivery published by her Department in March 2023, what recent progress she has made on her Department's commitment to explore potential mitigations for the removal of the VAT-free shopping scheme.
To ask the Secretary of State for Culture, Media and Sport, with reference to the Tourism Recovery Plan: Update on Delivery published by her Department in March 2023, what recent progress she has made on her Department's commitment to explore potential mitigations for the removal of the VAT-free shopping scheme.
As referenced in the Tourism Recovery Plan Update, the Government is engaging closely to identify potential ways to further grow the UK visitor economy - including how best to support and grow the valuable inbound tourism sector.
We will continue to monitor the impact of government interventions and facilitate joined-up policy interventions, and to discuss this topic with colleagues across Government through the Inter-Ministerial Group for the Visitor Economy.
As a tax matter, His Majesty’s Treasury set the terms for the UK Government’s policy on VAT-free shopping. HM Treasury continues to monitor the evidence and latest data around VAT-free shopping as they keep all taxes under review.
To ask the Chancellor of the Exchequer, with reference to his Department’s Tourism Recovery Plan Update on Delivery, published in March 2023, what assessment he has made of the impact of the removal of VAT-free shopping for overseas visitors on the tourism sector.
To ask the Chancellor of the Exchequer, with reference to his Department’s Tourism Recovery Plan Update on Delivery, published in March 2023, what assessment he has made of the impact of the removal of VAT-free shopping for overseas visitors on the tourism sector.
The Government’s costings for the removal of the VAT Retail Export Scheme, which included consideration of spending behaviour of overseas visitors, have been certified by the OBR. The Government continues to monitor the evidence and latest data around VAT-free shopping as we keep all taxes under review.
The Government updated Tourism Recovery Plan includes the target to recover to 2019 levels of inbound visitors and spend by the end of 2024, a year sooner than independent forecasts predict.
VAT-free shopping is still available for all non-UK visitors who purchase items in store and have them delivered to their overseas address.
To ask the Chancellor of the Exchequer, whether he plans to conduct a review of the impact of removing the VAT-free shopping scheme on the spending behaviours of overseas visitors.
To ask the Chancellor of the Exchequer, whether he plans to conduct a review of the impact of removing the VAT-free shopping scheme on the spending behaviours of overseas visitors.
The Government’s costings for the removal of the VAT Retail Export Scheme, which included consideration of spending behaviour of overseas visitors, have been certified by the OBR. The Government continues to monitor the evidence and latest data around VAT-free shopping as we keep all taxes under review.
The Government updated Tourism Recovery Plan includes the target to recover to 2019 levels of inbound visitors and spend by the end of 2024, a year sooner than independent forecasts predict.
VAT-free shopping is still available for all non-UK visitors who purchase items in store and have them delivered to their overseas address.
To ask the Chancellor of the Exchequer, whether his Department plans to reduce the 20 per cent VAT tax rate which applies to thermally-efficient windows and doors.
To ask the Chancellor of the Exchequer, whether his Department plans to reduce the 20 per cent VAT tax rate which applies to thermally-efficient windows and doors.
The installation of qualifying energy saving materials (ESMs) in residential accommodation benefits from a temporary VAT zero rate. This support is worth around £915 million over the next four years which will help households to improve the energy efficiency of their homes and reduce carbon emissions.
At Spring Budget 2023, the Government published a call for evidence seeking views on potential areas for reform to the VAT relief for the installation of ESMs, including the inclusion of additional technologies within the scope of the relief. As set out in the call for evidence, proposals for further reforms will be assessed against the objectives for the relief, including whether the primary purpose of a technology is to improve energy efficiency and reduce carbon emissions, along with an evaluation of the cost effectiveness of the reform and whether a change generates wider risks to the tax system.
The call for evidence, which is open until 31 May 2023, can be accessed on the GOV.UK website here: https://www.gov.uk/government/consultations/vat-energy-saving-materials-relief-improving-energy-efficiency-and-reducing-carbon-emissions/call-for-evidence-vat-energy-saving-materials-relief-improving-energy-efficiency-and-reducing-carbon-emissions.