HC Deb 01 August 1951 vol 491 cc215-6W
Mr. J. MacLeod

asked the Chancellor of the Exchequer whether he will alter the awkward percentage of 21.22 per cent. uplift when calculating value for Purchase Tax purposes since no ready reckoner includes this figure.

Mr. Jay

This figure was adopted as the adjustment for tax purposes for particular classes of goods by agreement between the trade associations concerned and the Customs. It has operated for a number of years without complaint, but if difficulty is being experienced it is open) to the associations to raise the matter with the Customs.