HC Deb 09 August 1972 vol 842 cc458-9W
Mr. Faulds

asked the Secretary of State for Trade and Industry (1), in view of the financial incentive to art dealers to offer for export works of art when value added tax is imposed, what is his estimate of the increased foreign earnings from the art and antique trade of this country for the fiscal year 1973–74;

(2) in view of the financial incentive to artists to export their work when value added tax is imposed, what is his estimate of the increased foreign earnings from the sale of contemporary works of art for the fiscal year 1973–74.

Mr. Higgins

I have been asked to reply. No such estimates have been made.