Vat

Treasury written question – answered on 6th November 2001.

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Photo of David Lidington David Lidington Shadow Financial Secretary

To ask the Chancellor of the Exchequer what was the value, net of withdrawals and reductions, of the (a) default surcharge, (b) penalties and (c) interest charged by HM Customs and Excise in respect of VAT in (i) 1999–2000, (ii) 2000–01 and (iii) 2001–02 to date.

Photo of Mr Paul Boateng Mr Paul Boateng Financial Secretary, HM Treasury, The Financial Secretary to the Treasury

The information is as follows:

£ million
Net value of penalty charged 1999–2000 2000–01 2001(5)
Default surcharge 117.3 126.9 47.9
Default interest 77.4 71.6 25.8
Other penalties 22.9 29.8 10.8

(5) To 31 August 2001

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