§ Mr. DenhamTo ask the Chancellor of the Exchequer what revenue the Government derived from VAT on imported tropical timber in 1991.
§ Sir John Cope[holding answer 26 November 1992]: Not all tropical timbers are separately identified in the Customs tariff which is the basis of available statistics.
Calculations based on the value of imports of identifiable tropical timber recorded during 1991 show that the amount of VAT payable was approximately £25 million.