Asked by: Ben Spencer (Conservative - Runnymede and Weybridge)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much revenue accrued to the public purse from VAT on vehicle rentals in 2019-20; and what estimate he has made of the projected effect of covid-19 on that revenue in 2020-21.
Answered by Jesse Norman
HM Revenue and Customs do not hold data on VAT collected specifically from the rental of vehicles, as information on supplies of specific commodities and services is not required on VAT returns.
HMRC record and publish annually details of VAT receipts across trade sectors and subsectors, but not of specific commodities or services. HMRC estimate and monitor the general impact of coronavirus (COVID-19) on VAT receipts based on reference scenarios from the Office for Budget Responsibility, as well as the impact of Government policies related to COVID-19 such as VAT deferral and reduced VAT rates. Impacts on individual commodities or services are not available.