§ Mr. Joel Barnettasked the Chancellor of the Exchequer how many firms have registered for VAT on the latest date for which this information is available.
§ Mr. HigginsThe number registered at 15th January—the latest date for which figures are available—was 436,117. About 115,000 further applications had also been received at headquarters from local VAT offices and were in course of formal registration. In addition, a substantial number of applications were being processed in local VAT offices.
§ Mr. Sheldonasked the Chancellor of the Exchequer what estimate he has now made as to what will be the total of number of registrations for value added tax.
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§ Mr. HigginsThe total number of registrations for value added tax was estimated in mid-1972 to be about 1.5 millions, and no revised estimate has since been made.
§ Mr. Sheldonasked the Chancellor of the Exchequer what estimate he has made as to what proportion of the revenue to be raised by value added tax will be from services.
§ Mr. HigginsNo such estimate has been made.
§ Mr. Sheldonasked the Chancellor of the Exchequer if he will now postpone the introduction of the value added tax, so as to allow more time for registrations.
§ Mr. HigginsNo.