Avoidance Of VAT On Fuel

EDM number 945 in 1993-94, proposed by Tony Wright on 24/03/1994.

That this House notes that the initial unfairness of the imposition of VAT on domestic fuel has now been compounded by the ability of those who can afford it to avoid this tax by pre-payment; observes that the pre-payment option is a good investment for those who can afford it, giving a return of 8 per cent next year and 17.5 per cent for subsequent years which is significantly better than other safe investments such as building societies, TESSAs and national savings especially for higher rate taxpayers; and calls upon the Government to extend the benefits of this tax avoidance device to all those who cannot afford to take advantage of it but who have much higher heating costs as a proportion of their income than those who can.

This motion has been signed by a total of 46 MPs.