HC Deb 22 January 1973 vol 849 cc33-4W
Mr. Joel Barnett

asked the Chancellor of the Exchequer how many firms have registered for VAT on the latest date for which this information is available.

Mr. Higgins

The number registered at 15th January—the latest date for which figures are available—was 436,117. About 115,000 further applications had also been received at headquarters from local VAT offices and were in course of formal registration. In addition, a substantial number of applications were being processed in local VAT offices.

Mr. Sheldon

asked the Chancellor of the Exchequer what estimate he has now made as to what will be the total of number of registrations for value added tax.

Mr. Higgins

The total number of registrations for value added tax was estimated in mid-1972 to be about 1.5 millions, and no revised estimate has since been made.

Mr. Sheldon

asked the Chancellor of the Exchequer what estimate he has made as to what proportion of the revenue to be raised by value added tax will be from services.

Mr. Higgins

No such estimate has been made.

Mr. Sheldon

asked the Chancellor of the Exchequer if he will now postpone the introduction of the value added tax, so as to allow more time for registrations.

Mr. Higgins

No.

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