§ Mr. Carterasked the Chancellor of the Exchequer what is the amount at present collected via purchase tax on new cars; and what is the estimated amount in each of the next three years from value added tax.
§ Mr. HigginsThe yield of purchase tax from cars in 1972–73 is estimated to be about £325 million. No estimates of the yield from value added tax for the next three years can yet be given.