Value Added Tax (Hansard, 10 July 1972)

§ Mr. Arthur Lewis
asked the Chancellor of the Exchequer whether he is now able to give the results of his consideration of the case made to him by the various professional associations concerned with the construction industry on 6th June regarding the effects of value added tax on these professional organisations and their members.

§ Mr. Higgins
Not in advance of the Report stage of the Finance Bill.

§ Mr. Bishop
asked the Chancellor of the Exchequer whether he will introduce legislation to ensure that purchase tax and selective employment tax lower rate reductions are passed on to the consumer to correspond with the collection of value added tax.

§ Mr. Higgins
No.

§ Mr. Adam Butler
asked the Chancellor of the Exchequer what is the estimated income in a financial year at the current rate of sale from those goods which do not bear purchase tax if value added tax were charged on them according to the provisions of the Finance Bill, 1972.

§ Mr. Higgins
No such estimate has been made.