HC Deb 16 January 1974 vol 867 cc131-2W
Mr. Madel

asked the Chancellor of the Exchequer whether he will ease or defer payments of PAYE and VAT by small businesses while the three-day week remains in force.

Mr. Nott,

pursuant to his reply [OFFICIAL REPORT, 15th January 1974], gave the following information:

PAYE and VAT are collected by firms from their employees and customers respectively on behalf of the Revenue departments. It would not, therefore, in the Government's view, be appropriate to alleviate any cash flow problems for business which may result from the three-day week by easing or deferring the handing

Mr. Nott,

pursuant to his reply [OFFICIAL REPORT, 15th January 1974], circulated the following information:

The purchasing power of any wage rate will depend on the man's tax position, and this in turn will depend on his family circumstances.