Written Question·Treasury·UIN 121463
Social Media: VAT
Tabled: 17 March 2026
Answered: 25 March 2026
Question
James Wild
Conservative — North West Norfolk
To ask the Chancellor of the Exchequer, whether she has had discussions with the Secretary of State for Culture, Media and Sport on updating HMRC guidance and amending Group 15 of Schedule 8 to the Value Added Tax Act 1994 to not exclude social media adve
Answer
Dan TomlinsonVAT 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 third largest tax, forecast to raise £180 billion in 2025/26. Taxation is a vital source of revenue that helps to fund vital publ...
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