Written Question·Treasury·UIN 110039
VAT
Tabled: 2 February 2026
Answered: 5 February 2026
Named DayQuestion
Ben Lake
Plaid Cymru — Ceredigion Preseli
To ask the Chancellor of the Exchequer, whether she has made and assessment of the potential merits of completing an updated assessment of the potential savings to the Exchequer from withdrawing the postponed VAT accounting process, taking into account (a
Answer
Dan TomlinsonPostponed VAT accounting provides significant support for businesses, helping to manage cash flow and facilitate imports. HMRC undertakes regular operational work to ensure compliance with the rules around postponed VAT accounting. The VAT gap has reduced...
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