Written Question·Treasury·UIN 25687
Civil Society: VAT
Tabled: 22 January 2025
Answered: 30 January 2025
Question
Melanie Onn
Labour — Great Grimsby and Cleethorpes
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential merits of introducing VAT exemptions for (a) small charities and (b) volunteer organisations.
Answer
James MurrayVAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s second largest tax forecast to raise £171 billion in 2024/25. Taxation is a vital source of revenue that helps to fund vital publ...
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