Domestic Energy (VAT) (Hansard, 9 June 1993)

HC Deb 09 June 1993 vol 226 cc255-6W 255W

§ Mr. Nicholas Brown
To ask the Chancellor of the Exchequer what estimate he has made of the impact on the retail prices index(a) during the 1994–95 financial year and (b) during the 1995–96 financial year, of increasing the rate of VAT on domestic fuel and power to 8 per cent. and 17.5 per cent. respectively.

§ Mr. Nelson
The extension of VAT to domestic fuel and power is estimated to add just under 0.4 per cent. to the retail prices index in 1994–95, and just over 0.4 per cent. further in 1995–96.
256W