1-20 of 3,022 results for subject:VAT
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To ask the Chancellor of the Exchequer, what assessment he has made of the possible merits of extending the zero VAT rating to personal safety alarms.
To ask the Chancellor of the Exchequer, what assessment he has made of the possible merits of extending the zero VAT rating to personal safety alarms.
The Government already makes available a VAT relief on emergency alarm systems designed to be operated by a disabled person to call for help in case of illness or injury.
VAT makes a significant contribution towards the public finances, raising about £130 billion in 2019/20, and helping fund the Government's priorities including on health, schools, and defence. Extending the current VAT relief to all personal safety alarms would come at a significant cost to the Exchequer and would require reductions in spending or tax rises elsewhere.
Given this, there are no current plans to extend the scope of the relief already in place. However, the Government keeps all taxes under review.
To ask the Chancellor of the Exchequer, how many businesses are affected by the VAT reduction for hospitality, holiday accommodation and attractions in (a) the Scottish Borders and (b) in Scotland.
To ask the Chancellor of the Exchequer, how many businesses are affected by the VAT reduction for hospitality, holiday accommodation and attractions in (a) the Scottish Borders and (b) in Scotland.
It is estimated that about 13,000 businesses in Scotland benefit from the VAT reduced rate for hospitality, accommodation and attractions. Estimates are not available for lower level geographic areas.
To ask the Chancellor of the Exchequer, what plans he has to widen the scope of the temporary reduced rate of VAT for hospitality, holiday accommodation and attractions to include leisure and entertainment attractions such as (a) indoor go-karting venues and (b) ice rinks opening from Step 3 of the...
To ask the Chancellor of the Exchequer, what plans he has to widen the scope of the temporary reduced rate of VAT for hospitality, holiday accommodation and attractions to include leisure and entertainment attractions such as (a) indoor go-karting venues and (b) ice rinks opening from Step 3 of the...
The temporary reduced rate of VAT (5 per cent) was introduced on 15 July 2020 to support the cash flow and viability of about 150,000 businesses and protect over 2.4 million jobs in the hospitality and tourism sectors.
Hospitality for the purposes of this relief includes the supply of food and non-alcoholic beverages from restaurants, cafes, pubs and similar establishments for consumption on the premises.
It also includes the supply of hot food and non-alcoholic hot beverages to take away. Where a business provides such hospitality, that hospitality will benefit from the reduced rate.
Admission charges that entitle a person to participate in events where the primary focus is a sporting activity will not generally be eligible for the temporary reduced rate. If businesses are in any doubt about whether they are supplying sporting facilities, they should consult VAT Notice 701/45.
To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of the removal of customs and VAT guarantees for the temporary admission of thoroughbreds to Great Britain for racing and breeding purposes; and if he will make a statement.
To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of the removal of customs and VAT guarantees for the temporary admission of thoroughbreds to Great Britain for racing and breeding purposes; and if he will make a statement.
Under new rules introduced on 1 January 2021, most businesses no longer need to provide a guarantee if they are granted full authorisation from HMRC for the Temporary Admission procedure in Great Britain. This means that authorised importers of racehorses will generally not be required to provide upfront security for customs and VAT liabilities, and subject to the horses being re-exported as per the Temporary Admission rules, import duties would not become payable.
To ask the Chancellor of the Exchequer, if he will make it his policy to include ice cream products sold for takeaway consumption in the temporary VAT reduction for the hospitality sector.
To ask the Chancellor of the Exchequer, if he will make it his policy to include ice cream products sold for takeaway consumption in the temporary VAT reduction for the hospitality sector.
The temporary reduced rate of VAT (5 per cent) was introduced on 15 July 2020 to support the cash flow and viability of about 150,000 businesses and protect over 2.4 million jobs in the hospitality and tourism sectors.
Ice cream served for consumption on the premises in ice cream parlours or other food establishments will benefit from the reduced rate.
This relief comes at a significant cost to the Exchequer, and there are no plans to extend the scope of the reduced rate. This policy will cost over £7 billion, and while some businesses in some sectors are disappointed, a boundary for eligibility had to be drawn.
To ask the Chancellor of the Exchequer, for what reason the VAT charge on PCR tests is 20 per cent.
To ask the Chancellor of the Exchequer, for what reason the VAT charge on PCR tests is 20 per cent.
VAT is a broad-based tax on consumption and the standard rate of 20% normally applies to most goods and services, including PCR tests. However, medical testing administered by registered health professionals is exempt from VAT.
The Government also continues to offer free Covid-19 testing for those with Covid-19 symptoms, and everyone in England, including those without symptoms, are able to take a free rapid coronavirus test twice a week.
To ask the Chancellor of the Exchequer, whether his Department has plans to (a) reduce or (a) zero rate VAT charges applied to the costs of onsite staff of sheltered housing schemes for older people where those staff are supplied by property management companies.
To ask the Chancellor of the Exchequer, whether his Department has plans to (a) reduce or (a) zero rate VAT charges applied to the costs of onsite staff of sheltered housing schemes for older people where those staff are supplied by property management companies.
Although the supply of staff is generally standard rated, in order to keep costs down for older people, the supply of sheltered housing schemes is exempt from VAT, meaning no VAT is charged to the final consumer
Going further would come at a cost to the Exchequer and must be viewed in the context of over £50 billion of relief requests from VAT since the EU referendum. VAT makes a significant contribution to the public finances, raising about £130 billion in 2019/20, and helps to fund key spending priorities including on health, schools, and defence. Given this, there are no current plans to change the VAT treatment of supplies of staff.
To ask the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, if his Department will launch a public education campaign that would alert consumers to their potential liability for (a) customs charges, (b) import VAT and (c) increased courier handling charges when making purchases from online...
To ask the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, if his Department will launch a public education campaign that would alert consumers to their potential liability for (a) customs charges, (b) import VAT and (c) increased courier handling charges when making purchases from online...
The Government is already communicating the practical changes that follow Brexit for citizens and businesses and has been doing so since last year. This public information campaign has reached 99.7% of UK adults.
The Government has worked with the retail industry to ensure that they take the actions necessary to comply with new rules now that the UK has left the EU. This includes ensuring that their customers are aware of any charges if goods are sourced from within the EU or from further afield.
The temporary reduced rate of VAT aims to support the cash flow and viability of around 150,000 businesses and to protect more than 2.4 million jobs. As was announced at the Budget, the Government extended the temporary reduced rate of VAT to 31 March 2022, with a phased return to the standard rate. This relief alone is estimated to be worth more than £7 billion to the tourism and hospitality sectors. Applying it permanently would come at a very significant cost to the Exchequer, and that would have to be balanced by increased taxes elsewhere or reductions in Government spending.
The temporary reduced rate of VAT aims to support the cash flow and viability of around 150,000 businesses and to protect more than 2.4 million jobs. As was announced at the Budget, the Government extended the temporary reduced rate of VAT to 31 March 2022, with a phased return to the standard rate. This relief alone is estimated to be worth more than £7 billion to the tourism and hospitality sectors. Applying it permanently would come at a very significant cost to the Exchequer, and that would have to be balanced by increased taxes elsewhere or reductions in Government spending.
What assessment his Department has made of the effect of the temporary reduction in VAT for businesses on the recovery of the (a) tourism and (b) hospitality sectors from the covid-19 outbreak.
The past year has clearly illustrated just how important the hospitality and tourism sectors are not only to our economy, with the jobs and businesses they support in the supply chain, but to our overall wellbeing and the contribution they make to social mobility. As the chair of the all-party parliamentary group for hospitality and tourism, I know just how important this cut in VAT has been in supporting those businesses, but will the Treasury take another look at the merits of making this reduction permanent to further support the sector and the growth in jobs that it can create?
The past year has clearly illustrated just how important the hospitality and tourism sectors are not only to our economy, with the jobs and businesses they support in the supply chain, but to our overall wellbeing and the contribution they make to social mobility. As the chair of the all-party parliamentary group for hospitality and tourism, I know just how important this cut in VAT has been in supporting those businesses, but will the Treasury take another look at the merits of making this reduction permanent to further support the sector and the growth in jobs that it can create?
My hon. Friend is absolutely right that this has been an incredibly challenging period for the tourism and hospitality sectors, and it is also right to recognise that many organisations within these sectors have benefited from the measures that I have described, including the extensions to the employment schemes, business rates holidays and the VAT reduction, as well as the very important wider restart grants and the additional restrictions grant. As these restrictions are lifted and demand for goods and services in these sectors resumes, temporary reliefs are being phased out and in time will be removed. Bridging that transition to a standard rate by applying a temporary 12.5% rate will help businesses to manage the change. We should want them to get back to normal trading and the support that they offer through that to their communities and the economy.
My hon. Friend is absolutely right that this has been an incredibly challenging period for the tourism and hospitality sectors, and it is also right to recognise that many organisations within these sectors have benefited from the measures that I have described, including the extensions to the employment schemes, business rates holidays and the VAT reduction, as well as the very important wider restart grants and the additional restrictions grant. As these restrictions are lifted and demand for goods and services in these sectors resumes, temporary reliefs are being phased out and in time will be removed. Bridging that transition to a standard rate by applying a temporary 12.5% rate will help businesses to manage the change. We should want them to get back to normal trading and the support that they offer through that to their communities and the economy.
My hon. Friend is absolutely right that this has been an incredibly challenging period for the tourism and hospitality sectors, and it is also right to recognise that many organisations within these sectors have benefited from the measures that I have described, including the extensions to the employment schemes, business rates holidays and the VAT reduction, as well as the very important wider restart grants and the additional restrictions grant. As these restrictions are lifted and demand for goods and services in these sectors resumes, temporary reliefs are being phased out and in time will be removed. Bridging that transition to a standard rate by applying a temporary 12.5% rate will help businesses to manage the change. We should want them to get back to normal trading and the support that they offer through that to their communities and the economy.
The past year has clearly illustrated just how important the hospitality and tourism sectors are not only to our economy, with the jobs and businesses they support in the supply chain, but to our overall wellbeing and the contribution they make to social mobility. As the chair of the all-party parliamentary group for hospitality and tourism, I know just how important this cut in VAT has been in supporting those businesses, but will the Treasury take another look at the merits of making this reduction permanent to further support the sector and the growth in jobs that it can create?
What assessment his Department has made of the effect of the temporary reduction in VAT for businesses on the recovery of the (a) tourism and (b) hospitality sectors from the covid-19 outbreak.
What assessment his Department has made of the effect of the temporary reduction in VAT for businesses on the recovery of the (a) tourism and (b) hospitality sectors from the covid-19 outbreak.
The temporary reduced rate of VAT aims to support the cash flow and viability of around 150,000 businesses and to protect more than 2.4 million jobs. As was announced at the Budget, the Government extended the temporary reduced rate of VAT to 31 March 2022, with a phased return to the standard rate. This relief alone is estimated to be worth more than £7 billion to the tourism and hospitality sectors. Applying it permanently would come at a very significant cost to the Exchequer, and that would have to be balanced by increased taxes elsewhere or reductions in Government spending.
Clause 112, discussed with schedules 23 to 26, clause 113, new clause 6 (Penalties: review of effect on tax revenues), and other amendments, agreed to. Schedules 23 to 26, and clauses 113 and 114 agreed to. Clause 116, discussed with a Government amendment and schedule 28, agreed to. Schedule 28 agreed to as amended. Clauses 122 to 124 agreed to. Schedule 33 agreed to. Clauses 125 to 127, 131 and 132 agreed to. New clause 1 (Review of capital allowances and business reliefs) debated and withdrawn. Bill, as amended, to be reported (Bill 295). Written evidence reported to the House.
Clause 112, discussed with schedules 23 to 26, clause 113, new clause 6 (Penalties: review of effect on tax revenues), and other amendments, agreed to. Schedules 23 to 26, and clauses 113 and 114 agreed to. Clause 116, discussed with a Government amendment and schedule 28, agreed to. Schedule 28...
To ask the Chancellor of the Exchequer, if his Department will make the 12.5 per cent VAT rate on hospitality permanent.
To ask the Chancellor of the Exchequer, if his Department will make the 12.5 per cent VAT rate on hospitality permanent.
In order to support the cash flow and viability of about 150,000 businesses and to protect over 2.4 million jobs, the Government has applied a temporary reduced rate of VAT (5 per cent) to goods and services supplied by the tourism and hospitality sectors, which will now end on 30 September 2021. On 1 October 2021, a new reduced rate of 12.5 per cent will be introduced for these goods and services to ease affected businesses back to the standard rate. The new rate will end on 31 March 2022.
VAT raised about £130 billion in 2019/20, and helps to fund key spending priorities including on health, schools, and defence. Applying the 12.5% rate permanently would come at a significant cost to the Exchequer, and that cost would have to be balanced by increased taxes elsewhere, or reductions in Government spending.
This is a temporary measure to support the cash flow and viability of sectors which have been severely affected by COVID-19.
To ask the Chancellor of the Exchequer, if he will review the level of VAT levied on the Cycle to Work scheme following the UK's withdrawal from the EU.
To ask the Chancellor of the Exchequer, if he will review the level of VAT levied on the Cycle to Work scheme following the UK's withdrawal from the EU.
There are no current plans to change the VAT rate on the Cycle to Work Scheme. VAT registered businesses are normally able to reclaim any VAT incurred on the purchase of bicycles and safety equipment provided to their employees under the scheme.
To ask the Chancellor of the Exchequer, if he will make it his policy to include ice cream products sold in ice cream parlours in the temporary VAT reduction for the hospitality sector.
To ask the Chancellor of the Exchequer, if he will make it his policy to include ice cream products sold in ice cream parlours in the temporary VAT reduction for the hospitality sector.
The temporary reduced rate of VAT (5 per cent) was introduced on 15 July 2020 to support the cash flow and viability of about 150,000 businesses and protect over 2.4 million jobs in the hospitality and tourism sectors. Ice cream served for consumption on the premises in ice cream parlours or other food establishments will benefit from the reduced rate.
The reduced rate has been extended until 30 September 2021, after which a reduced rate of 12.5 per cent will apply for a further six months, until 31 March 2022.
Clause 42, discussed with clauses 43 to 46, new clause 8 (Report on Part 2), new clause 11 (Rate review (plastic packaging tax)), and new clause 13 (Annual review (plastic packaging tax)), agreed to. Clauses 43 to 46 agreed to. Clause 47, discussed with clauses 48 to 50, and new clause 12 (Plastic packaging components review), agreed to. Clauses 48 to 59 agreed to. Schedule 9 agreed to. Clause 60, discussed with clauses 61 to 67, and schedules 10 to 12, agreed to. Schedules 10 to 12 agreed to. Clauses 61 to 71 agreed to. Schedule 13 agreed to. Clauses 72 to 81 agreed to. Schedule 14 agreed to. Clauses 81 to 85 agreed to. Schedule 15 agreed to. Committee adjourned. Written evidence reported to the House.
Clause 42, discussed with clauses 43 to 46, new clause 8 (Report on Part 2), new clause 11 (Rate review (plastic packaging tax)), and new clause 13 (Annual review (plastic packaging tax)), agreed to. Clauses 43 to 46 agreed to. Clause 47, discussed with clauses 48 to 50, and new...
What assessment his Department has made of the effect of the temporary reduction in VAT for businesses on the recovery of the (a) tourism and (b) hospitality sectors from the covid-19 outbreak.
What assessment his Department has made of the effect of the temporary reduction in VAT for businesses on the recovery of the (a) tourism and (b) hospitality sectors from the covid-19 outbreak.
If his Department will make an economic assessment of the potential merits of a permanent reduction of VAT for hospitality, holiday accommodation and attractions.
If his Department will make an economic assessment of the potential merits of a permanent reduction of VAT for hospitality, holiday accommodation and attractions.