§ Mr. Heddleasked the Chancellor of the Exchequer whether he has plans to extend the interest-free period over which capital transfer tax in respect of owner-occupied agricultural holdings can be paid by instalment from eight years to 12 years.
§ Mr. Peter ReesI will let my hon. Friend have a reply as soon as possible.
§ Mr. Banksasked the Chancellor of the Exchequer if he will set out the amount by which the threshold of £10,000 for value added tax exemption would need to be raised in order to keep abreast of inflation.
§ Mr. Peter ReesOn the basis of the retail price index for December 1979, the latest published, the VAT registration limit could now be raised to £13,000 taxable turnover per annum.