Oral question asked in the House of Lords, by Lord Prescott (Labour). It was answered by Lord Sassoon (Conservative) on Wednesday, 18 January 2012.
Shipping: Tax Revenue
- Question
- To ask Her Majesty’s Government why, when they are able to provide estimated tax liabilities due to tonnage tax on British shipping, they are not able to supply figures for revenue received.
- Answer
-
My Lords, estimated tonnage tax liabilities were provided using database information from Her Majesty’s Revenue and Customs. This general approach is regularly used when answering questions on tax. To construct reliable estimates of tax received would require HMRC checking each tax return, linking it with associated payments and estimating how much tax received related to tonnage tax. This exercise would be extremely time-consuming. However, revenues received will be broadly similar to those figures already given.
Secondary information
- Type
- Oral question
- Reference
- 734 c574
- Session
- 2010-12
- Oral question type
- Lead
- Chamber / Committee
- House of Lords chamber
- Subjects
- Tonnage tax Tax yields
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-04-11 22:38:07 +0100
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