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Volume 487: debated on Thursday 29 January 2009

To ask the Chancellor of the Exchequer what estimate he has made of the cost to businesses of re-pricing products as a result of the reduction in value added tax to 15 per cent. (251916)

Estimated costs to businesses from re-pricing products are published in the impact assessment of changes to the standard rate of VAT. This is available on the HM Treasury website.

To ask the Chancellor of the Exchequer what expenditure his Department incurred in promulgating the 15 per cent. value added tax rate. (251917)

HMRC sent a summary guide on dealing with the temporary reduction in the VAT rate to all 2 million VAT registered businesses immediately after pre-Budget report 2008. More detailed guidance was produced and published on the HMRC website. Additional staff were made available in the National Advice Service to answer questions on the rate change. A full evaluation of all the associated costs is not readily available.