HC Deb 06 May 1969 vol 783 cc61-2W
Mr. Higgins

asked the Chancellor of the Exchequer whether he will give an assurance that retailers holding stocks of furnishing materials, who will have to register with the Customs and Excise when purchase tax is extended to soft furnishings, will not have to pay purchase tax on materials which they already hold in their shops, but which have not yet been made up or sold.

Mr. Harold Lever

Purchase tax will not be payable on stocks of materials in retail ownership before 27th May which are sold without making up; but tax will, in general, be payable from that date on goods which are made up from such stocks.

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