To ask the Chancellor of the Exchequer what estimate he has made of the cost to the UK economy of VAT fraud in each of the last five years; and if he will make a statement. (171860)

No estimate has been produced for the cost to the UK economy of VAT fraud. HMRC published annual estimates of VAT losses, and the level of MTIC fraud alongside PBR 2007 in “Measuring Indirect Tax Losses—2007”, which is available from the House of Commons Library or from the HMRC website:

http://www.hmrc.gov.uk/pbr2007/mitl.pdf