§ Mr. Guy Barnettasked the Chancellor of the Exchequer if he will estimate the cost to the Exchequer resulting from a reduction of value added tax on the service and repair of domestic appliances from 25 per cent. to 8.2 per cent.
§ Mr. Robert SheldonIt is estimated that the loss of revenue from reducing to the standard rate the 25 per cent. rate of VAT on repairs, servicing and spare parts for domestic electric appliances, radio and television sets, etc.—Groups 1 and 2 of the Higher Rate Schedule—would be around £30 million in a full year.