HC Deb 02 March 1978 vol 945 c347W
46. Mr. Rifkind

asked the Chancellor of the Exchequer whether he will convene a meeting of the leaders of the three main political parties to discuss the future of the social contract.

Mr. Joel Barnett

I welcome all evidence of the growing general appre-

Gas percentage VAT Electricity percentage Coat percentage
France 17.6 17.6 17.6
Germany 12.0 12.0 12.0
Italy 6.0 6.0 14.0
Netherlands 18.0 18.0 18.0
Belgium 6.0 16.0 6.0
Luxembourg 5.0 5.0 5.0
Irish Republic 0.0 0.0 0.0
Denmark 18.0 18.0 18.0
United Kingdom 0.0 0.0 0.0

Mr. Skeet

asked the Chancellor of the Exchequer what is the threshold for value added tax in the several member countries of the EEC.

Annual limit in national currency Type of limit* £ per annum (rates of exchange as at 28th February 1978)
France 1,350 F Tax 146
Germany 12,000 DM Tax-inclusive Turnover 3,025
Italy No exemption
Netherlands 2,050 DFL Tax 482
Belgium No exemption
Luxembourg 100,000 F Tax-exclusive Turnover 1,613
Denmark 5.000 Kr Turnover 462
Irish Republic £1,800† Turnover 1,800
United Kingdom £7,500 Taxable turnover 7,500
* At present, exemption limits differ in kind in EEC countries, in some cases being based on turnover, in others on tax liability, and they are often operated in conjunction with special schemes for small traders.
† There are higher limits for some suppliers of goods.