Question: how much money does the government expect to raise from vat?
Answer: In our latest forecast, we expect VAT to raise £136.6 billion in 2019-20 (this measure of VAT excludes refunds of VAT made to certain public sector organisations). That would represent 16.8 per cent of all receipts and is equivalent to around £4,800 per household and 6.2 per cent of national income.