§ 19. Mr. Dodds-Parker
asked the Chancellor of the Exchequer when he expects the National Economic Development Council to complete its review of the proposals to introduce a value-added tax.
§ Mr. Diamond
At its last meeting the Council discussed the paper by the Committee which it had set up to look into the implications of a V.A.T. in the United Kingdom. The Council agreed that this threw useful light on the subject and invited the N.E.D.O. to prepare a fuller report on the basis of this paper.
§ 42. Mr. Hooley
asked the Chancellor of the Exchequer what studies are currently being undertaken by his Department into the problems of introducing a continental-style value-added tax.
§ 44. Mr. Alfred Morris
asked the Chancellor of the Exchequer what consideration he is giving to the report on a value-added tax which was recently presented to the National Economic Development Council: what progress has been made with Her Majesty's Government's parallel inquiry into this form of taxation; and if he will make a statement.
§ Mr. Diamond
The problems affecting a value-added tax are kept under continuous review. The recent interim report from the Committee appointed by the National Economic Development Council to examine this question led to a useful discussion at a recent meeting of the Council, but further consideration must await a fuller report being prepared by the National Economic Development Office. I have nothing further to add to what my right hon. Friend the Chancellor of the Exchequer said on this subject in his last Budget statement.