asked the Minister for Finance the VAT refunds in each of the past five years; and the percentage of VAT in each such year that refunds represented.
Written Answers. - VAT Refunds.
276.
The total amounts of VAT refunds and the percentage they represent of the gross VAT receipts for each of the years 1976 to 1980 are as follows:
|
Year |
Amount of VAT refunds |
Amount of VAT refunds as % of Gross VAT receipts |
|
1976 |
£51m. |
16.8% |
|
1977 |
£82m. |
20.3% |
|
1978 |
99.8m |
19.4% |
|
1979 |
£117m. |
21.7% |
|
1980 |
£184.6m |
28.2% |