HC Deb 21 June 1993 vol 227 c12W
Mr. Denzil Davies

To ask the Chancellor of the Exchequer what is his estimate of the total official revenue that will accrue to the Exchequer in a full year of the imposition of VAT at the rate of 5 per cent. on(a) domestic fuel and power and (b) categories one, three, six, seven, eight, 10, 11, 12 and 13 contained in annex H of directive 92/77/EEC.

Sir John Cope

Estimates of the effect on VAT revenue that would occur in a full year from a 5 per cent. rate are as follows:

£ million
(a) Domestic fuel and power—yield 740
(b) Annex H selected items—cost -450

These estimates are for 1992–93 and, unlike those published in the "Financial Statement and Budget Report", make no allowance for behavioural change.