§ Dr. Lynne Jones
To ask the Chancellor of the Exchequer what has been the total revenue from VAT in each of the last three years for which figures are available; and what it would have been if the level and scope of VAT remained unchanged since(a) May 1979, (b) March 1991 and (c) April 1992. 72W
§ Mr. Heathcoat-Amory
Net receipts of VAT for financial years 1993–94, 1994–95 and 1995–96 are as follows:
- 1993–94: 38.9 billion
- 1994–95: 41.8 billion
- 1995–96: 43.1 billion (provisional).
Estimated net VAT receipts if the level and scope of VAT had remained unchanged since (a) May 1979, (b) March 1991 and (c) April 1992 are as follows:
(£ billion) 1993–94 1994–95 1995–96 (a) 18 19 20 (b) 33 35 36 (c) 39 41 42
These estimates take account only of the main changes in the scope and level of VAT. They make no allowance for the behavioural changes which would result from changes to the tax regime.