Treasury written question – answered at on 18 October 2022.
Julian Knight
Chair, Culture, Media and Sport Committee, Chair, Culture, Media and Sport Committee, Chair, Culture, Media and Sport Sub-committee on Online Harms and Disinformation, Chair, Culture, Media and Sport Sub-committee on Online Harms and Disinformation
To ask the Chancellor of the exchequer, what assessment his Department has made of the potential impact that a new VAT charge on taxis and PHVs would have on consumers during the cost of living crisis.
Richard Fuller
The Economic Secretary to the Treasury
The Government currently has no plans to introduce a new VAT charge on taxis and private hire vehicles (PHVs).
However, the Government is closely monitoring ongoing deliberations by UK courts that may inform the VAT treatment of taxis and PHVs.
Yes3 people think so
No1 person thinks not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
