Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Wednesday, 2 July 2008. It occurred during Debate on bill on Finance Bill.
Finance Bill
Although it is right that the duty is constant, I am sure the hon. Lady will concede that the VAT receipts increase as the price rises. Notwithstanding whether or not there is a VAT windfall—I explained, rather well I think, why I believe there is—there is most certainly an offshore windfall, as confirmed by the Chancellor in a letter to my right hon. Friend the Member for Banff and Buchan (Mr. Salmond). That could be used to offset some of the increase in the price at the pump.
Secondary information
- Type
- Proceeding contribution
- Reference
- 478 c951-2
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Accountancy Capital gains tax Business Corporation tax Competition Budgets Income tax Insurance companies Excise duties Fuels Double taxation Domicil Economic situation Motor vehicles Parliamentary scrutiny Public participation Prices Small businesses Tax allowances Taxation VAT Shareholders Revenue and Customs Carbon emissions
- Legislation
- Finance Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 00:46:54 +0000
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