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Written question asked by Stephen Byers (Labour) on Wednesday, 11 February 2009, in the House of Commons. It was due for an answer on Monday, 23 February 2009. It was answered by Stephen Timms (Labour) on Monday, 23 February 2009 on behalf of the Treasury.


VAT

Question
To ask the Chancellor of the Exchequer what estimate he has made of the cost to the Exchequer in tax forgone of the reduction in the rate of value added tax to 15 per cent. in the period from 1 April 2009 to 1 January 2010.
Answer

The estimated cost of the temporary reduction in the standard rate of VAT was published in Table B5 of the 2008 pre-Budget report. The value for 2009-10 relates to the specified period.


Secondary information

Type
Written question
Reference
488 c331-2W; 257491
Session
2008-09
Subjects
VAT
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk