HC Deb 03 March 1975 vol 887 c304W
Mr. Michael Latham

asked the Chancellor of the Exchequer what was the yield of VAT, in each year since its inception, from repair and maintenance work in the construction industry.

Dr. Gilbert

I regret that this information is not available, but it is estimated that the yield from repairs and maintenance at the current 8 per cent. rate of VAT is probably about £100 million a year.