§ Sir Teddy TaylorTo ask the Chancellor of the Exchequer what is the revenue secured from VAT on fuel in the current financial year; and what percentage this is of the United Kingdom's net contribution to the EU.
§ Mr. Heathcoat-AmoryThe estimated revenue from VAT on fuel and power in the current financial year is £950 million. These receipts have no direct effect on the United Kingdom's net contribution to the EC, which is calculated on a notional harmonised VAT base.