§ Charles HendryTo ask the Chancellor of the Exchequer what estimate he has made of the VAT receipts that would accrue to the Treasury from the construction of new sports facilities associated with the 2012 Olympic bid. [151976]
§ Ruth KellyNo estimate has been made. By long-standing convention, HM Customs and Excise does not publish details of the VAT collected from individual bodies or in respect of individual transactions. It is for individual bodies to publish any such information as appropriate to their reporting obligations. All construction projects undertaken in the UK are subject to the same set of VAT rules laid out in the VAT Act 1994.
§ Charles HendryTo ask the Chancellor of the Exchequer what level of VAT receipts the Treasury has received from the construction of sports facilities for each year since 1997. [151977]
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§ Ruth KellyHM Customs and Excise are unable to calculate VAT receipts from the construction of sports facilities. It is not possible to identify specific sources of VAT revenue from VAT returns. Any data available on expenditure on such construction projects would not be sufficient to estimate relevant VAT receipts as the degree to which VAT is due and reclaimable on the construction of sports facilities will vary.