§ Mr. Eggarasked the Chancellor of the Exchequer what are the value added tax exemption thresholds for small businesses in each of the member countries of the European Economic Community.
§ Mr. HayhoeOn the basis of the latest available information the situation is understood to be as follows: 141W
Country Annual limit £ sterling Type of limit Belgium — — Denmark 733 Turnover France 117 Tax Germany 5,274 Tax-inclusive turnover Ireland *20,504 Turnover †9,842 Italy — — Luxembourg 2,623 Taxable Turnover Netherlands 537 Tax United Kingdom 19,500 Taxable Turnover Exchange rates as at 26 April 1985.
Greece has not yet introduced VAT.
* Where 90 per cent. of total turnover is derived from taxable goods (excluding since 23 May 1984 goods chargeable at normal and reduced rates produced wholly or mainly from zero-rated materials).
† For other traders.