§ Mr. Fauldsasked the Chancellor of the Exchequer whether it is his intention that a dealer operating the special VAT scheme contained in Customs and Excise Notice No. 712 may include an item in the special scheme if the seller or purchaser fails to sign the certificate required by the special scheme.
§ Mr. HigginsIt is not expected that obtaining the certificate will generally present any difficulty, but any case in which it proves to be impossible will be considered on its merits.
§ Mr. Fauldsasked the Chancellor of the Exchequer whether the special VAT scheme for works of art and antiques contained in Customs and Excise Notice No. 712 is optional with regard to eligible articles bearing in mind the wording of paragraph 8 of that notice.
§ Mr. HigginsThe scheme is optional.
§ Mr. Fauldsasked the Chancellor of the Exchequer what procedure is envisaged in the special VAT scheme contained in Customs and Excise Notice No. 712 in respect of works of art or antiques
CHANGES IN MONEY STOCK: NARROW DEFINITION United Kingdom (M1) France Germany Canada Japan USA Change over end of previous year) £ million Percentage Percentage Percentage Percentage Percentage Percentage End of: 1962 … … n.a. n.a. 18 7 3 17 2 1963 … … n.a. n.a. 15 7 7 35 4 1964 … … 249 3 8 9 9 13 4 1965 … … 301 4 9 8 14 18 5 1966 … … 3 0 8 2 7 14 3 1967 … … 674 9 5 10 15 14 7 1968 … … 349 4 8 8 14 13 6 1969 … … 27 0 1 6 -5 21 4 1970 … … 830 9 11 9 13 17 4 1971 … … 1,055 11 11 13 27 30 6 n.a. = not available. Source: United Kingdom: Financial Statistics and Bank of England Historical Abstract. Other countries: IMF "International Financial Statistics", annual supplement and subsequent monthly issues.