HC Deb 16 December 1986 vol 107 c486W
90. Mr. Sackville

asked the Chancellor of the Exchequer what representations he has received in connection with the level of value added tax threshold and the effect on employment; and if he will make a statement.

Mr. Brooke

A number of representations about the level of the VAT threshold have been received this year, the majority calling for the threshold to be increased. Very few mentioned any effect on employment.

Mr. Robert Sheldon

asked the Chancellor of the Exchequer what estimate he has made of the increase in revenue for 1986–87 and 1987–88 arising from the introduction of new penalties for late value added tax returns.

Mr. Lawson

I shall let the right hon. Member have a reply as soon as possible.