Question to the HM Treasury:
To ask Her Majesty's Government what estimate they have made of the amount of income that has been raised in additional VAT revenue on domestic electricity following the recent increase in (1) the Pre-Payment Meter cap, and (2) the Default Tariff cap; and what estimate they have made of such income on an annualised basis.
The details that HM Revenue and Customs (HMRC) collects from taxpayers on their VAT returns are not specific enough to enable the revenue arising from these supplies to be quantified.
HMRC does not require detail on particular products and customer types because it would place a considerable administrative burden on businesses.