§ Mrs. Kellett-Bowmanasked the Chancellor of the Exchequer what is the gross income from value added tax from small businesses with a turnover of between £15,000 and £20,000 per annum; and what is the net and gross yield from them.
§ Mr. Peter ReesIt is estimated that gross payments of VAT by persons within this range of turnover are about £100 million a year. Net receipts are about £60 million a year.