Taxation: Solar Power

Treasury written question – answered on 23rd April 2012.

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Photo of Graeme Morrice Graeme Morrice Labour, Livingston

To ask the Chancellor of the Exchequer what revenue the Exchequer received from taxation of employees and businesses in the solar PV sector in 2010-11; and what revenue he expects to receive from this source in each financial year between April 2012 and April 2014.

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury

The solar photovoltaic (PV) sector pays tax to HM Revenue and Customs under corporation tax, pay-as-you-earn and national insurance contributions, stamp duty land tax, stamp taxes on shares and value added tax. Businesses within the sector also pay national non-domestic rates to local authorities.

HM Revenue and Customs produce a breakdown of outturn tax receipts by sector for PAYE IT and NICs, corporation tax and VAT. These breakdowns record receipts at broad industry level (based on the ONS standard industrial classification or HMRC standard trade classification). The solar PV industry is not identified as a separate industry within the classification frameworks.

The Office for Budget Responsibility (OBR) produce forecasts of tax revenue from individual taxes, but these are not broken down by detailed subsector and are therefore not available for the solar PV sector.

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