1-20 of 131 results for subject:VAT
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My Lords, I want to use my time in praise of a spirit of optimism. It is shown by many people, and there is an abundance of medical evidence to prove that having an optimistic outlook boosts the immune system of individuals—something that I am banking on. I declare that...
My Lords, I want to use my time in praise of a spirit of optimism. It is shown by many people, and there is an abundance of medical evidence to prove that having an optimistic outlook boosts the immune system of individuals—something that I am banking on. I declare that...
To ask Her Majesty's Government what is their estimate of the annual saving to HMRC of requiring VAT registered businesses to maintain their VAT records and to submit their VAT returns via Making Tax Digital; and what is their estimate of the incremental cost to the totality of VAT registered...
To ask Her Majesty's Government what is their estimate of the annual saving to HMRC of requiring VAT registered businesses to maintain their VAT records and to submit their VAT returns via Making Tax Digital; and what is their estimate of the incremental cost to the totality of VAT registered...
HMRC’s revised assessment of impacts for Making Tax Digital (MTD) for VAT estimates that there will be an ongoing net cost to VAT registered businesses with a turnover above the VAT threshold of £37m. HMRC estimates that the behavioural impacts of Making Tax Digital will contribute over £1bn to the Exchequer by 2022 to 2023.
To ask Her Majesty's Government whether they plan to bring VAT on digital publications in line with printed books following the EU's decision to allow all member states to give e-books and audiobooks the same VAT-free status as printed books.
To ask Her Majesty's Government whether they plan to bring VAT on digital publications in line with printed books following the EU's decision to allow all member states to give e-books and audiobooks the same VAT-free status as printed books.
The Government keeps all taxes under review, including Value Added Tax (VAT) on e-publications.
Any amendments to the VAT regime as it applies to physical publications and e-publications must be carefully assessed against policy, economic and fiscal considerations.
To ask Her Majesty's Government what plans, if any, they have to assess the amount of VAT paid on e-publications by (1) ministerial departments, and (2) non-ministerial departments, agencies and other public bodies.
To ask Her Majesty's Government what plans, if any, they have to assess the amount of VAT paid on e-publications by (1) ministerial departments, and (2) non-ministerial departments, agencies and other public bodies.
HMRC does not hold detailed information on VAT paid on specific products by government departments, public institutions or private entities.
The Government keeps all taxes under review, including VAT on e-publications.
Any amendments to the VAT regime as it applies to physical publications and e-publications must be carefully assessed against policy, economic and fiscal considerations.
Lords second reading. Committee negatived. Standing Order 46 having been dispensed with, the Bill was read a third time and passed.
Lords second reading. Committee negatived. Standing Order 46 having been dispensed with, the Bill was read a third time and passed.
What a kind invitation from the noble Lord. I hope not to disappoint.
The noble Viscount, Lord Chandos, expressed the hope that we might get a day off from the relentless grind of Brexit. I am afraid that we were not quite able to deliver. Brexit was mentioned in the contributions...
What a kind invitation from the noble Lord. I hope not to disappoint.
The noble Viscount, Lord Chandos, expressed the hope that we might get a day off from the relentless grind of Brexit. I am afraid that we were not quite able to deliver. Brexit was mentioned in the contributions...
My Lords, I thank the Economic Affairs Finance Bill Sub-Committee for its close consideration of the draft version of the Bill before the House today and its subsequent reports on HMRC powers and making tax digital. The sub-committee’s findings made for very informative reading, and the Government have carefully studied...
My Lords, I thank the Economic Affairs Finance Bill Sub-Committee for its close consideration of the draft version of the Bill before the House today and its subsequent reports on HMRC powers and making tax digital. The sub-committee’s findings made for very informative reading, and the Government have carefully studied...
To ask Her Majesty's Government whether VAT is being added to the cost of site staff at supported housing facilities for elderly people and similar schemes; and what assessment they have made of the (1) financial, and (2) practical implications of that policy for (a) such facilities, and (b) elderly...
To ask Her Majesty's Government whether VAT is being added to the cost of site staff at supported housing facilities for elderly people and similar schemes; and what assessment they have made of the (1) financial, and (2) practical implications of that policy for (a) such facilities, and (b) elderly...
The supply of any on-site staff to an individual, landlord or company has, since the inception of VAT, been a taxable supply.
As there has been no change in government policy in this area, no financial or practical assessment on implications of this policy for housing facilities for elderly people has been carried out.
Any individuals facing difficulties in meeting their accommodation costs may want to contact the Department for Work and Pensions to establish whether they are entitled to any additional financial support.
To ask Her Majesty's Government, further to the Written Answer by Lord Bates on 26 November (HL11364), whether they have begun assessing the equalities impact of applying a zero VAT rate to e-publications; and whether any such assessments will include the impact on literacy rates in relation to children from...
To ask Her Majesty's Government, further to the Written Answer by Lord Bates on 26 November (HL11364), whether they have begun assessing the equalities impact of applying a zero VAT rate to e-publications; and whether any such assessments will include the impact on literacy rates in relation to children from...
The Government keeps all taxes under review, including VAT on e-publications.
Any amendments to the VAT regime as it applies to physical publications and e-publications must be carefully assessed against policy, economic, and fiscal considerations.
To ask Her Majesty's Government what assessment they have made of the gain to HM Treasury from the introduction of VAT on the on-site staff based element of residential property service charges.
To ask Her Majesty's Government what assessment they have made of the gain to HM Treasury from the introduction of VAT on the on-site staff based element of residential property service charges.
The supply of any on-site staff to an individual, landlord or company has, since the inception of VAT, been a taxable supply. HMRC does not hold information to base an estimate of the receipts to HM Treasury from VAT charged on the onsite staff labour element of residential property service charges.
To ask Her Majesty's Government what was the total receipt to HM Treasury in (1) 2016–17, and (2) 2017–18 of (a) VAT payable by retail traders and online traders, (b) income tax at the standard rate, (c) income tax at the higher rate, (d) corporation tax, and (e) capital gains tax.
To ask Her Majesty's Government what was the total receipt to HM Treasury in (1) 2016–17, and (2) 2017–18 of (a) VAT payable by retail traders and online traders, (b) income tax at the standard rate, (c) income tax at the higher rate, (d) corporation tax, and (e) capital gains tax.
The net Home VAT declared for the ‘Retail trade (except of motor vehicles and motorcycles)’ in 2016-17 is £6,420 million and in 2017-18 is £7,140 million. HMRC does not request information on whether VAT declared on traders’ returns is declared by online traders specifically, therefore this information is not available.
Total income tax receipts in 2016-17 were £177,065 million and in 2017-18 were £180,049 million. HMRC does not hold information to base an estimate of income tax receipts split by the different income tax rates.
Total receipts of Corporation Tax (including Bank Surcharge and Offshore CT) in 2016-17 were £50,679 million and in 2017-18 were £56,172 million.
Total receipts of Capital Gains Tax in 2016-17 were ££8,561 million and in 2017-18 were £7,793 million.
To ask Her Majesty's Government when the requirement for VAT to be paid on the on-site staff labour element of residential property service charges was introduced.
To ask Her Majesty's Government when the requirement for VAT to be paid on the on-site staff labour element of residential property service charges was introduced.
The supply of any on-site staff to an individual, landlord or company has, since the inception of VAT been a taxable supply. Such a supply is not identified in the VAT Act as being either an exempt supply or a zero rated supply.
To ask Her Majesty's Government what are the estimated receipts to HM Treasury for 2018–19 from VAT charged on the onsite staff labour element of residential property service charges.
To ask Her Majesty's Government what are the estimated receipts to HM Treasury for 2018–19 from VAT charged on the onsite staff labour element of residential property service charges.
HMRC does not hold information to base an estimate of the receipts to HM Treasury for 2018-19 from VAT charged on the onsite staff labour element of residential property service charges.
To ask Her Majesty's Government what assessment they have made of limiting the reduction in tourism VAT to accommodation and attractions.
To ask Her Majesty's Government what assessment they have made of limiting the reduction in tourism VAT to accommodation and attractions.
The government explored the impact of VAT on the tourism industry in its recent call for evidence, and published its response at Budget 2018.
A VAT reduction to accommodation and attractions has been estimated to cost the Exchequer £3 billion in the first year. This must be balanced by increased borrowing, reduced public spending or increased taxation elsewhere.
In light of the fiscal implications of a UK wide reform, the government will not be making a change to VAT and tourism at this time.
To ask Her Majesty's Government whether VAT is payable on the onsite staff labour element of residential property service charges for properties managed by (1) resident self-management organisations, and (2) independent property services management companies.
To ask Her Majesty's Government whether VAT is payable on the onsite staff labour element of residential property service charges for properties managed by (1) resident self-management organisations, and (2) independent property services management companies.
Service charges payable by residents to a landlord are exempt from VAT. Supplies of goods and services, including staff, by a property management company to a landlord or a “Right to Manage” company are normally subject to VAT.
There is no difference between resident self-management organisations and independent property services management companies. In both cases the supplies to them by a property management company are subject to VAT.
To ask Her Majesty's Government how many representations they received during their consultation into VAT, APD and Tourism in Northern Ireland; and of those, how many opposed a reduction in tourism VAT in Northern Ireland.
To ask Her Majesty's Government how many representations they received during their consultation into VAT, APD and Tourism in Northern Ireland; and of those, how many opposed a reduction in tourism VAT in Northern Ireland.
The government published its response to the call for evidence on VAT, APD and Tourism in Northern Ireland at Budget 2018. As is set out in the response document, the government received over 80 individual responses to the call for evidence from a wide range of stakeholders, including trade organisations, public sector bodies, campaign groups and wider industry.
Many of the respondents were in favour of a cut to VAT on tourism, particularly in Northern Ireland.
In light of the legal restrictions on reform of VAT for Northern Ireland exclusively, and the fiscal implications of reform on a UK wide basis, the government will not be making a change to the rate of VAT on tourism related services at this time.
To ask Her Majesty's Government what guidance they intend to provide to small and medium-sized enterprises about the move to the online VAT returns system.
To ask Her Majesty's Government what guidance they intend to provide to small and medium-sized enterprises about the move to the online VAT returns system.
There is a range of advice and support available to help businesses of all sizes prepare for Making Tax Digital (MTD) for VAT in April 2019. HM Revenue and Customs (HMRC) is working very closely with software providers, businesses, representative bodies and the accountancy profession to raise awareness of MTD and ensure the right support and training is in place to help businesses adapt.
HMRC’s customer support model, which guides businesses to the most appropriate help, includes technical support, webchat, YouTube training videos, webinars, a helpline, and relevant guides. HMRC also publishes a list of MTD for VAT compatible products on GOV.UK to help businesses make an informed choice of software to meet their needs. HMRC is writing to customers that it expects to be mandated for MTD for VAT, explaining what the business needs to do.
HMRC’s Impact Assessment for MTD was published on 1 December 2017. There is no separate Impact Assessment relating to small and medium-sized enterprises.
To ask Her Majesty's Government what assessment they have made of the impact on small and medium-sized enterprises of the move to the online VAT returns system.
To ask Her Majesty's Government what assessment they have made of the impact on small and medium-sized enterprises of the move to the online VAT returns system.
There is a range of advice and support available to help businesses of all sizes prepare for Making Tax Digital (MTD) for VAT in April 2019. HM Revenue and Customs (HMRC) is working very closely with software providers, businesses, representative bodies and the accountancy profession to raise awareness of MTD and ensure the right support and training is in place to help businesses adapt.
HMRC’s customer support model, which guides businesses to the most appropriate help, includes technical support, webchat, YouTube training videos, webinars, a helpline, and relevant guides. HMRC also publishes a list of MTD for VAT compatible products on GOV.UK to help businesses make an informed choice of software to meet their needs. HMRC is writing to customers that it expects to be mandated for MTD for VAT, explaining what the business needs to do.
HMRC’s Impact Assessment for MTD was published on 1 December 2017. There is no separate Impact Assessment relating to small and medium-sized enterprises.
To ask Her Majesty's Government, further to the Written Answer by Lord Bates on 14 November (HL11158), how many of the compatible software products listed on GOV.UK provide specifically for the VAT Flat-Rate Scheme; and what assessment they have made of the affordability of such software.
To ask Her Majesty's Government, further to the Written Answer by Lord Bates on 14 November (HL11158), how many of the compatible software products listed on GOV.UK provide specifically for the VAT Flat-Rate Scheme; and what assessment they have made of the affordability of such software.
A number of providers offer products that support the Flat Rate Scheme (FRS). HMRC is currently collating information about those products so it can make this information available on the software choices page.
Low-cost bridging products which work by importing data from other systems can also be used to send the data to HMRC, providing those systems support FRS
To ask Her Majesty's Government what steps they are taking to ensure the application of VAT to e-publications but not to physical publications does not discriminate against readers from any social backgrounds.
To ask Her Majesty's Government what steps they are taking to ensure the application of VAT to e-publications but not to physical publications does not discriminate against readers from any social backgrounds.
The Government keeps all taxes under review, including VAT on e-publications. Policy development also includes consideration of equalities impacts.
HMRC does not hold detailed information about the VAT paid on specific products by government departments or public institutions.
The Government is committed to making the UK the best place to start and grow a digital business and we are taking action to ensure innovative firms can access the skills, investment and infrastructure they need to thrive. Last year, jobs in the digital sector grew at twice the rate of those in the wider economy.