HC Deb 18 July 1986 vol 101 cc644-5W
Mr. Deakins

asked the Chancellor of the Exchequer if he will tabulate information available to him on the assessed base, in mecu and pound sterling, for each of the 12 member states of the European Economic Community for the year 1986, together with the unadjusted rate of that base levied, to three places of decimals, together with the equivalent sum, in mecu and pound sterling, to be paid by Her Majesty's Government to the European Economic Community, on the basis of the Council budget, expressing that sum as an approximate percentage of income likely to accrue from domestic value added tax in 1986.

Mr. Brooke

[pursuant to his reply, 9 July 1986, c. 194–5]: the VAT base of each member state in 1986 is given in the table. On the basis of the recently agreed budget for 1986, adopted on 10 July, the unadjusted (or uniform) VAT rate is 1.2505 per cent. The United Kingdom's VAT contribution is 4,140 mecu before abatement (£2,572 million at the budget exchange rate), and 2,240 mecu after abatement (£1,392 million). £1,392 million is 6.7 per cent. of the expected VAT yield in 1986–87.

1 per cent. VAT Base—1986
mecu* Pound sterling million† (equivalent)
Belgium 518.5 322.1
Denmark 345.2 214.5
Germany 4,603.0 2,859.7
Greece 360.0 223.7
Spain 1,509.0 937.5
France 3,658.0 2,272.3
Ireland 150.0 93.2
Italy 2,502.8 1,554.9
Luxembourg 42.0 26.1
Netherlands 817.0 507.6
United Kingdom 3,310.6 2,056.8
Portugal 150.7 93.6
* Mecu figures applicable to the budget for 1986 adopted on 10 July.
† Sterling figures calculated using the budget exchange rates for 1986.

Forward to