§ Mr. Barnettasked the Chancellor of the Exchequer if he is aware that, in connection with the charge to Purchase Tax on chocolates, for the purpose of calculating the basic wholesale price on which the tax is charged a 10 per cent. uplift is added to the manufacturers' prices, whereas under the Resale Price Maintenance agreement in force, distributors are restricted to a margin of 6¼ per cent.; and if he will ensure that the tax is properly charged on the lower figure.
§ Mr. MacDermotThe valuation of goods chargeable with Purchase Tax is based on the prices payable by retail traders in general and a scheme of assessment was adopted, after consultation with the trade, to reflect prices for chocolates at this level. If my hon. Friend has a particular case in mind, perhaps he will write to me.