Vat

HM Treasury written question – answered on 24th March 2017.

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Photo of Chris Philp Chris Philp Conservative, Croydon South

To ask Mr Chancellor of the Exchequer, what the average time taken for an HM Revenue and Customs VAT investigation involving a small or medium-sized business was in the 2015-16 financial year.

Photo of Jane Ellison Jane Ellison The Financial Secretary to the Treasury

HM Revenue and Customs estimate that during 2015-2016, VAT compliance checks on small or medium sized businesses averaged 13.9 weeks between being opened and closed.

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