§ 21. Mr. Marlow
asked the Chancellor of the Exchequer what sum of money he anticipates will be raised by 1 per cent. value added tax in 1984–85.
§ Mr. Hayhoe
A 1 percentage point increase in the standard rate of VAT implemented on 1 April 1984 would raise about £550 million in 1984–85 and £740 million in a full year.
§ 60. Mr. David Atkinson
asked the Chancellor of the Exchequer if he has any plans to seek amendments to the sixth directive on value added tax.