Social Media: VAT
Commons · Question 121463 · Tabled 17 Mar 2026 · Treasury · Official record
Answered 25 Mar 2026
Question
Asked by James Wild
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
Answered by Dan Tomlinson, 25 Mar 2026
VAT 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...