VAT
Commons · Question 110039 · Tabled 2 Feb 2026 · Treasury · Official record
Answered 5 Feb 2026
Question
Asked by Ben Lake
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
Answered by Dan Tomlinson, 5 Feb 2026
Postponed 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...