HC Deb 06 May 1976 vol 910 cc473-4W
Mr. Neubert

asked the Chancellor of the Exchequer what the average family, two adults and two children, has had to pay in VAT per week in each of the financial years between 1973 and 1976.

Mr. Robert Sheldon

From the Family Expenditure Survey it is estimated that the average amount of VAT paid by households of two adults and two children in 1974 was about £2.40 a week. VAT was introduced on 1st April 1973 when it replaced purchase tax and SET; in 1973 the average for VAT and purchase tax was about £2 a week. Information for 1975 is not yet available.

Mr. Neubert

asked the Chancellor of the Exchequer what has been the increase in VAT paid by the average family—two adults, two children, per week in each of the financial years between 1973 and 1976.

Mr. Robert Sheldon

Information of this kind is obtained from the Family Expenditure Survey. The results of the survey are analysed for calendar years, the latest being 1974. As VAT was introduced on 1st April 1973 information for two complete years is not yet available.

Mr. Dudley Smith

asked the Chancellor of the Exchequer what is the estimated revenue obtained from value added tax on motor vehicles in 1975–76 and in the current year, respectively.

Mr. Robert Sheldon

About £175 million in 1975–76 and £200 million in 1976–77.

Mr. Dudley Smith

asked the Chancellor of the Exchequer what is the estimated revenue obtained from value-added tax on motor spirit in 1975–76 and in the current financial year, respectively.

Mr. Robert Sheldon

About £410 million in 1975–76 and £290 million in 1976–77.

Mr. Pardoe

asked the Chancellor of the Exchequer if he will estimate the change in revenue which would occur in 1976–77 if all items now eligible for VAT were levied at 10 per cent., 12½ per cent. and 15 per cent., respectively.

Mr. Robert Sheldon

It is estimated that the revenue would increase by about £550 million, £1,350 million and £2,100 million, respectively, in a full year.