§ 48. Mr. Parkerasked the Chancellor of the Exchequer whether he will allow hospitals to replenish their stocks of linen without the payment of Purchase Tax?
§ Sir K. WoodNo, Sir. It remains an essential principle of the Purchase Tax that there must be no class of privileged buyers of chargeable goods.
§ 49. Major Lyonsasked the Chancellor of the Exchequer whether he will indicate, in relation to a sale when the wholesale value for Purchase Tax has been settled by the Commissioners, by what means, by whom, and on what basis, the adjustment of tax is made when it is found that the actual price does not represent the statutory value?
§ Sir K. WoodWhen the wholesale value has been fixed by the Commissioners at an amount in excess of the actual sale price the registered seller is accountable for the tax on that value.
§ Mr. GranvilleWill the right hon. Gentleman consider reducing the Purchase Tax on bicycles?