Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much was raised in VAT on (a) gas, (b) electricity and (c) heating oil in each of the past of ten years.
Answered by Lucy Frazer - Secretary of State for Culture, Media and Sport
The information requested is not available. HMRC does not hold information on VAT revenue from specific products or services because businesses are not required to provide figures at a product level on their VAT returns, as this would impose an excessive administrative burden.
Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much was raised in VAT on (a) petrol and (b) diesel in each of the past of ten years.
Answered by Lucy Frazer - Secretary of State for Culture, Media and Sport
The information requested is not available. HMRC does not hold information on VAT revenue from specific products or services because businesses are not required to provide figures at a product level on their VAT returns, as this would impose an excessive administrative burden.
Asked by: Alison Thewliss (Scottish National Party - Glasgow Central)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what his plans are for the future of Government-guaranteed loan schemes.
Answered by Helen Whately - Minister of State (Department of Health and Social Care)
The Recovery Loan Scheme (RLS) is currently open UK-wide to SMEs and is due to close to new loan applications on 30 June 2022. Lenders can offer loans, overdrafts, and invoice and asset finance up to £2 million, with a minimum loan size of £25,001 for term loans and overdrafts, and £1,000 for invoice and asset finance. The Government provides a 70% guarantee to lenders on each loan.
The Government keeps all schemes under review.