Customs and Excise

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) penalties and (b) interest charged by HM Customs and Excise in respect of Insurance Premium Tax in (i) 1999–2000, (ii) 2000–01 and (iii) 2001–02 to date.

Photo of Ruth Kelly Ruth Kelly Economic Secretary, HM Treasury

Customs and Excise charged penalties and interest in respect of Insurance Premium Tax as shown in the table.

£000
Net value charged
Interest Penalties
1999–2000 633 61
2000–01 382 75
2001 to 31 August 265 (3)

(3) Reliable information is not yet available for this period, and it would take a disproportionate amount of time to quantify. Customs are developing a new system to report these data

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