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Value Added Tax

Volume 26: debated on Tuesday 29 June 1982

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asked the Chancellor of the Exchequer what was the cost of collecting value added tax in the most recent year for which figures are available; and what percentage of the revenue this represented.

The cost of VAT administration in 1980–81, the latest year for which figures are available, was £128·8 million. This equalled 1·2 per cent. of the revenue collected.