§ David MacleanTo ask the Chancellor of the Exchequer, pursuant to his answer of 19 July 2001,Official Report column 412, to the hon. Member for Arundel and South Downs (Mr. Flight), on what date officials of HM Customs and Excise first met to consider the charging of VAT on climate change levy liabilities; and how many times they have subsequently met. [6876]
§ Mr. BoatengCustoms officials did not meet on this specific issue. The law requires that the value on which value added tax is calculated is the total amount of money to be given in exchange for a supply. This amount includes tax, and since the inception of VAT it has been calculated on the excise duty inclusive value of sales of goods such as petrol, alcohol and tobacco. The levy follows this long-established principle.
§ Mr. LidingtonTo ask the Chancellor of the Exchequer what his latest estimate of the yield from climate change levy is in(a) 2001–02, (b) 2002–03 and (c) 2003–04. [7660]
§ Mr. BoatengThe latest published forecast of the yield for climate change levy in 2001–02 is set out in the Financial Statement and Budget report published on 7 March 2001. A routine forecast will be published in this autumn's pre-Budget report.