Retail Trade: Taxation

(asked on 19th December 2018) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what was the total receipt to HM Treasury in (1) 2016–17, and (2) 2017–18 of (a) VAT payable by retail traders and online traders, (b) income tax at the standard rate, (c) income tax at the higher rate, (d) corporation tax, and (e) capital gains tax.


Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 7th January 2019

The net Home VAT declared for the ‘Retail trade (except of motor vehicles and motorcycles)’ in 2016-17 is £6,420 million and in 2017-18 is £7,140 million. HMRC does not request information on whether VAT declared on traders’ returns is declared by online traders specifically, therefore this information is not available.

Total income tax receipts in 2016-17 were £177,065 million and in 2017-18 were £180,049 million. HMRC does not hold information to base an estimate of income tax receipts split by the different income tax rates.

Total receipts of Corporation Tax (including Bank Surcharge and Offshore CT) in 2016-17 were £50,679 million and in 2017-18 were £56,172 million.

Total receipts of Capital Gains Tax in 2016-17 were ££8,561 million and in 2017-18 were £7,793 million.

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