§ Mr. SpearingTo ask the Chancellor of the Exchequer on what items of manufactured or non-manufactured foodstuff VAT is currently chargeable in the United Kingdom; how much was received in tax for each grouping of such items for the financial year 1992–93; and what is his estimate of income for the year 1993–94.
15W
§ Sir John CopeMost items of food are relieved from VAT. The exceptions liable to tax at the standard rate include: ice cream and similar frozen products; confectionery; manufactured beverages including alcoholic drinks, soft drinks, fruit juices and bottled waters; potato crisps and similar snack foods. In 1992–93 VAT on these items is estimated to have raised around £1.6 billion and in 1993–94 it is expected to raise around £1.7 billion.