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Wales written question – answered on 24th January 2011.
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To ask the Secretary of State for Wales what estimate she has made of the sum which will accrue to the Exchequer attributable to the proposed increase in the standard rate of value added tax in Wales in each of the next five years.
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The estimated total revenue gain from the VAT rate increase on 4 January 2011 is £12.1 billion for 2011-12. We have not attempted to attribute that revenue to particular areas of the UK.
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