§ Mr. GibbTo ask the Chancellor of the Exchequer if he will estimate the extra revenue arising from the increase in default interest for(a) late payment of VAT, (b) air passenger duty, (c) insurance premium tax and (d) landfill tax. [49669]
§ Dawn PrimaroloThe increase in revenue resulting from the recent increase in the rate of default interest is estimated to be some £20 million in a full year. The majority of this will be in respect of late payment of VAT; the amounts relating to the other taxes are expected to be negligible.