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Proceeding contribution from Andrew George (Liberal Democrat) in the House of Commons on Tuesday, 6 July 2010. It occurred during Debate on bill on Finance Bill.

Finance Bill

I am going to finish making this point about VAT, if the hon. Gentleman does not mind. The best source that most people pray in aid when engaged in Treasury and Finance Bill debates is the Institute for Fiscal Studies, so I looked at the evidence that it has gathered on VAT. The hon. Member for North Durham referred to that in the context of the graph on page 3 of the Library note. The IFS makes it clear that, taking a snapshot in time, those who are engaged in the highest expenditure will be most affected by changes in VAT.

Secondary information

Type
Proceeding contribution
Reference
513 c284 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Poverty Children Corporation tax Exports Excise duties Fuels Private sector Insurance premium tax Economic growth Forecasts Low incomes Pensions Public expenditure Unemployment Rural areas Public sector debt Tax avoidance VAT Resignations Tax evasion Tax burden Building schools for the future programme Office for Budget Responsibility Budd, Alan
Legislation
Finance Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk