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Taxation: VAT

Volume 706: debated on Thursday 18 December 2008

Question

Asked by

To ask Her Majesty's Government what discussions following the Pre-Budget Report they have had with United Kingdom businesses and their representative organisations on (a) the administrative cost of implementing the reduction in the VAT rate; and (b) the number of businesses that have passed on the cut. [HL341]

HMRC officials have had discussions with a wide range of individual businesses and representative bodies about the implementation of the temporary reduction in the standard rate of VAT. These discussions were not specific to either the issue of administrative costs or the pass-on rate.