§ Mr. Denzil Daviesasked the Chancellor of the Exchequer what is the estimated yield from the value-added tax for the year 1973–74 on the basis that the following goods and services are added to the proposed zero-rated category; namely, goods supplied by establishments located in the development areas, services supplied by establishments in the development areas, goods supplied by establishments located in Wales, and services 134W supplied by establishments located in Wales.
§ Mr. NottSuch variations in rates of value-added tax would not seem to be practical, and no estimates have been made of the effects on net revenue receipts of such hypothetical variations.