Taxation and Consumer Credit Facilities

HC Deb 14 July 1970 vol 803 c173W

Mr. Dodds-Parker

asked the Chancellor of the Exchequer whether he will provide an up-to-date list of changes which can be made by regulation in taxation and consumer credit facilities without legislation.

Mr. Higgins

The powers taken principally for demand management purposes are the Customs and Excise Regulator (Section 9 of the Finance Act, 1961 as amended by Section 8 of the Finance Act, 1964) and the Hire Purchase and Credit Sale Agreements (Control) Orders and Control of Hiring Orders made by the Board of Trade under the Emergency Laws (Re-enactments and Repeals) Act, 1964. There is, in addition, a range of powers for making administrative adjustments to the tax system.