HC Deb 14 March 1969 vol 779 cc364-5W
Mr. Ian Lloyd

asked the Chancellor of the Exchequer what steps he proposes to implement Recommendation No. 551 on tax on value added, which was adopted by the Consultative Assembly of the Council of Europe on 31st January, 1969; and whether he will seek to adopt a form of a tax on value added as put forward in paragraph 10 of this recommendation

Mr. Diamond

The recommendation adopted by the Consultative Assembly for submission to the Committee of Ministers is that member States which do not yet have the tax on value added system be invitedto seek to examine the possibility of adopting a form of the tax". The Richardson Committee on Turnover Taxation made such an examination a few years ago, and the possibility was also examined by the N.E.D.C. recently.