§ Mr. BercowTo ask the Chancellor of the Exchequer what estimate he has made of the revenue effect in each of the next three years of his proposed rule for bad debt relief to give businesses an automatic entitlement to recover the VAT after six months. [52371]
§ Mr. BoatengThe main impact of the changes to VAT bad debt relief announced in the Budget is to reduce compliance costs for affected businesses. The impact on VAT revenues is negligible.