Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Tuesday, 4 July 2006. It occurred during Debate on bill on Finance (No. 2) Bill.
Finance (No. 2) Bill
The Financial Secretary knows that we are talking about the VAT on petrol, not the rest of the VAT take, and there was no criticism or argument when we used the example last year that a 6p rise, from 80p to 86p, would have led to a 1.2p reduction or offset in the additional VAT collected. Those figures seemed to be widely recognised last year, and I hope that he will agree that the offset model would at least work and not have a fiscal impact on the forecast yield to the Treasury.
Secondary information
- Type
- Proceeding contribution
- Reference
- 448 c763
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Disability Children Death Conservation Combined heat and power Annuities Dependants Environment protection Electricity generation Energy supply Divorce Excise duties Fuels Inheritance tax Income Mental illness Motor vehicles Oil Pollution Pensions Life insurance Petrol Scotland Religion Separation Taxation VAT Trusts Stamp duties Rural areas
- Legislation
- Finance (No. 2) Bill 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 23:47:42 +0100
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