asked the Minister for Finance the amount of revenue raised by items previously subject to the 35 per cent VAT rate in 1984; and the amount raised by the same items in 1985 when for eight months of the year they were charged with a 23 per cent VAT rate.
Written Answers. - VAT Yields.
179.
The yield in 1984 from the 35 per cent VAT rate was £322 million. The yield in 1985 from goods and services to which the 35 per cent rate applied in 1984 (and in 1985 up to 1 March) cannot be specifically identified since for the period after 1 March 1985 VAT returns aggregate revenue from all items liable at the 23 per cent rate.
180.
asked the Minister for Finance the amount raised by VAT on building and associated materials in 1984 and 1985.
Information on the yield from building is given in the reply to Question No. 170.
It is not possible to state the actual amount of VAT yield from building materials as VAT returns are not submitted in a manner which would enable the yield from particular items to be identified. Sufficient data from other sources from which estimates of the yield could be made, are not available. The yield, however, would be comparatively small due to the entitlement of VAT-registered builders to deduct tax charged to them on the purchase of these materials.
181.
asked the Minister for Finance the revenue raised by the 10 per cent rate of VAT and the 23 per cent rate of VAT in 1985; and the estimated yield in 1986.
The VAT yield in 1985 from the 10 and 23 per cent rates is estimated as follows: 10 per cent, £121 million; 23 per cent, £1,114 million.
Estimated figures for 1986 will not be available until the publication in a few days time of the White Paper on Receipts and Expenditure. In relation to the estimate of total VAT yield for 1986 which will be included in the White Paper it may be taken that about 15 per cent of it will refer to the 10 per cent rate and the balance to the 23 per cent rate.