§ Mr. Onslowasked the Chancellor of the Exchequer what representations he has received about the adequacy of the transitional arrangements for the imposition of value added tax on building alterations and improvements; and if he will make a statement.
§ Mr. HayhoeWhile the arrangements for the imposition of VAT on building alterations and improvements conform to the existing law and also follow precedent, a great number of representations have been received both from individuals and organisations suggesting either deferment of the 1 June date or a relief for existing contracts. Treasury Ministers are giving careful consideration to these views as I said during the Committee stage of the Finance Bill on 30 April to points raised in that debate.