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Vat

Treasury written question – answered on 18th July 2013.

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Photo of Harriett Baldwin Harriett Baldwin Conservative, West Worcestershire

To ask the Chancellor of the Exchequer what revenue accrued to the Exchequer from VAT in 2012-13; and what estimate he has made of the likely level of revenue accruing in 2013-14 and 2014-15.

Photo of Sajid Javid Sajid Javid The Economic Secretary to the Treasury

The revenue accrued from VAT in 2012-13 is £100.4 billion. The Office for National Statistics publishes accrued receipts in the Public Sector Finances here:

http://www.ons.gov.uk/ons/rel/psa/public-sector-finances/may-2013/tsd---public-sector-finances.html

The forecast for revenue accruing from VAT in 2013-14 is £103.3 billion and for 2014-15 is £107.2 billion. This can be found m the Economic and Fiscal Outlook published by the Office for Budget Responsibility here:

http://budgetresponsibility.independent.gov.uk/economic-and-fiscal-outlook-march-2013/

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