Value Added Tax

HC Deb 30 June 1994 vol 245 c674W

21. Mr. Barnes

To ask the Chancellor of the Exchequer what is his estimate of the total revenue raised by value added tax in the last financial year; and what will be the likely value added tax take in the current financial year.

Sir John Cope

Net VAT receipts by Customs and Excise amounted to £39,248 million in 1993–94. The forecast for 1994–95 is £43,400 million.