HC Deb 26 January 1987 vol 109 c85W
Mr. Neil Hamilton

asked the Chancellor of the Exchequer (1) what would be the cost of extending value added tax bad debts relief (a) to all debts eligible for relief under section 130(i) of the Income and Corporation Taxes Act 1970 and (b) to all unsatisfied judgment debts, indicating in each case the extent to which the cost would be affected by the proposals in his consultative document, "Value-added Tax: Small Business Review", to permit smaller traders to account for value added tax on a cash basis;

(2) what information he has concerning the increase in value added tax revenue which would occur if the standard method of reckoning gross takings were abolished as proposed in his consultative document "Value-added Tax: Small Business Review"; and what is the number and size of traders who would be affected.

Mr. Brooke

I shall let my hon. Friend have a reply as soon as possible.