HC Deb 09 April 1962 vol 657 c1004

Motion made, and Question, That as from the tenth day of April, 1962, but subject to any new Treasury order under section twenty-one of the Finance Act, 1948, the rates at which purchase tax is chargeable shall be altered as follows:

  1. (a) the 50 per cent. rate, wherever now chargeable, shall become a rate of 45 per cent.; and
  2. (b) the 12½ per cent. rate, wherever now chargeable, and the 5 per cent. rate, wherever now chargeable, shall each become a rate of 10 per cent.:
but this Resolution shall not authorise any alteration of a rate for some only of the goods to which that rate at present applies, except that any Act giving effect to this Resolution may alter the 5 per cent. rate for the whole of Groups 1, 2, 7 and 8 (clothing etc.), without altering it in Groups 6, 11 and 16 (furniture etc.), or vice versa. And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913.—[Mr. Lloyd.]

put and agreed to.