Written Question·Treasury·UIN 49824
Imports: USA
Tabled: 1 May 2025
Answered: 12 May 2025
Question
Blake Stephenson
Conservative — Mid Bedfordshire
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of reducing VAT on US firms exporting to the UK.
Answer
James MurrayIn line with international guidelines, VAT is charged equally on goods and services consumed in the UK whether they are produced domestically or imported. VAT is ultimately paid by the final consumer, similar to US sales taxes. Businesses in the supply ch...
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