Purchase Tax

HC Deb 30 March 1950 vol 473 c58W

61. Mr. Bossom

asked the Chancellor of the Exchequer what proportion of the retail price of the majority of proprietary medicines is taken by his Department in Purchase Tax, tax from the manufacturer, wholesaler and retailer.

Mr. Jay

The average incidence of Purchase Tax on chargeable proprietary medicines is approximately 20 per cent. of the retail selling price.