§ Mr. McMasterTo ask the Chancellor of the Exchequer what is his latest estimate of the revenue the Treasury will derive from the imposition of value added tax on domestic fuel in the financial years 1994–95 and 1995–96; how much of this will be attributable to the imposition of value added tax on the standing charge element of domestic fuel bills; and if he will make a statement.
§ Sir John CopeLatest published estimates of the revenue yield were set out in annex B to chapter 4 of the "Financial Statement and Budget Report for 1994–95". Approximately 12 per cent. of the VAT yield is attributable to the standing charge element of domestic fuel bills.