questionText: To ask the Chancellor of the Exchequer, what assessment she has made of the level of additional VAT revenue accruing to the Exchequer as a result of recent increases in fuel prices; and whether she has considered using additional VAT receipts to provide further targeted financial support to sectors most affected by fuel cost increases, including haulage firms and agricultural producers.
answerText: There is no VAT windfall from rising fuel or energy prices. The OBR assumes a direct offset, with higher spending on fuel largely matched by reduced spending elsewhere, leaving overall VAT receipts broadly unchanged. Previous OBR analysis also shows that ...
heading: Fuels: VAT