§ Ms. HarmanTo ask the Chancellor of the Exchequer how much revenue the Exchequer has received in penalties arising from misdeclaration of value added tax(a) in real terms and (b) as a percentage of the total tax take for value added tax in each year since 1987–88; and what is his estimate of such receipts for the years 1993–94 and 1994–95.
§ Sir John Cope[holding answer 29 April 1993]: The following figures are based on serious misdeclaration penalties assessed by Customs and Excise and start in 1990–91 when the serious misdeclaration penalty was introduced. The figures for 1992–93 are provisional; figures for 1990–91 include default interest.
£ million Per cent, of net VAT receipts 1990–91 45 0.14 1991–92 28 0.08 1992–93 15 0.04 No figures are available on penalties for 1993–94 and 1994–95.