§ Mr. Wilsonasked the Chancellor of the Exchequer whether consideration has been given to the difficulties of the wholesaler who has to pay monthly in respect of all tax charged in the previous month whether collected or not; and whether, to, avoid much inconvenience, he will arrange that there should only be paid over monthly what has been collected in the previous month; and whether he is aware that the only information which can be given is the amount of tax charged up to a certain date and the amount of tax collected up to a certain date?
§ Sir K. WoodMy hon. Friend is in error in supposing that payment of Purchase Tax is required to be made monthly. The Regulations provide for the tax to be paid quarterly, though in future a month will normally be allowed after the end of each quarter in which to make up the return of tax due and pay 35W the money. This procedure affords a period of grace such as my hon. Friend appears to desire.