HC Deb 14 May 1948 vol 450 c260W
Mr. S. Marshall

asked the Chancellor of the Exchequer what was the revenue from Purchase Tax on medicines and drugs for 1947–48; and what is the estimated loss of such revenue as a result of his proposal to leave only branded medicines subject to Purchase Tax henceforward.

Sir S. Cripps

About £9 million (mainly at the pre-November Budget rate of 16⅔ per cent.); and £4 million for a full year (on the basis of the current rate of 33⅓ per cent.) respectively.

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