§ Mr. Ridley
asked the Chancellor of the Exchequer what would be the cost to the 664W Exchequer in a full year, of rating cowhide rugs at 8 per cent. VAT instead of 25 per cent.
§ Mr. Tomney
asked the Chancellor of the Exchequer if he will bring forward proposals to provide that dealers in second-hand electrical goods are subjected to the same tax regulations as dealers in antiques and second-hand cars, instead of, as at present, paying tax both on each individual transaction and 25 per cent. VAT on gross sales.
§ Mr. Robert Sheldon
The Customs and Excise Department is examining evidence supplied by the Radio and Television Retailers Association to see whether a scheme under Section 14 of the finance Act 1972 would be justified.