§ Mr. Roy Hughes
To ask the Chancellor of the Exchequer what was the yield in 1992–93 and what is the latest estimate of yield in 1993–94 from(a) petrol duty, (b) derv duty, (c) vehicle excise duty, (d) value added tax on petrol and DERV sales and (e) value added tax on vehicle sales.
§ Sir John Cope
Information on the outturn yield in 1992–93 and the projected yield in 1993–94 is provided in the table:
£ billion 1992–93 Outturn 1993–94 Forecast Petrol duty 8.2 9.3 DERV duty 3.0 3.4 Vehicle excise duty 3.2 3.7 VAT on petrol and derv 1.6 n/a VAT on vehicle sales 2.9 n/a
No direct figures are available for the VAT yield on petrol and DERV and on vehicle sales. The table contains estimates of the outturn on total VAT yield that can be attributed to these items on the basis of national accounts data on expenditure. For petrol and DERV the estimate covers only consumers' expenditure—the yield from business expenditure is highly uncertain because the majority of businesses can reclaim the VAT paid as input tax. The relevant data are not available for 1993–94.