Skip to main content

Fisheries: Tax Yields

Volume 486: debated on Wednesday 21 January 2009

To ask the Chancellor of the Exchequer what recent estimate he has made of the contribution of the fishing industry to the Exchequer. (249150)

Comprehensive information is not available.

Available information is given as follows:

Income tax (IT) and national insurance contributions (NIC): relevant information is available for income tax (IT) and class 1 contributions deducted through PAYE. These estimates are set out in the table.

Fishing

PAYE deductions of IT and class 1 NICs (£ million)

2002-03

19

2003-04

21

2004-05

21

2005-06

21

2006-07

23

2007-08

24

The estimates for the fishing industry are set out in the following table:

CT liability (£ million)

2001-02

14

2002-03

15

2003-04

15

2004-05

13

2005-06

18

2006-07

29

VAT—Most outputs from the UK agricultural sector fall under the VAT zero rate for food and as such the sector overall receives VAT repayments. The latest data on net receipts for the sector “Fishing and Fish Farms and Related Service Activities” for 2005 is published in the VAT fact sheet:

http://www.uktradeinfo.com/index.cfm?task=factvat

HMRC does not collect information on excise duties and other taxes attributable to purchases of fuel, alcohol etc. by the fishing industry.