To ask the Chancellor of the Exchequer pursuant to paragraph B56 of the pre-Budget report November 2002 (Cm 5664), how much the strategy on VAT fraud and avoidance is expected to yield in 2002–03; and on what basis the figure for additional receipts by 2005–06 is calculated.
holding answer
Projected VAT receipts in 2002–03 are calculated primarily on the basis of receipts to date. The forecast of VAT revenues from 2003–04 onwards is governed by an NAO-audited assumption, which has now been adjusted to take account of the VAT strategy. The NAO's XAudit of Assumptions for the 2002 Pre-Budget Report" sets out the additional revenue yield included in the forecast and the basis on which this has been calculated.
Yes1 person thinks so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.