Purchase Tax

HC Deb 07 March 1973 vol 852 cc166-7W

Mr. Roper

asked the Chancellor of the Exchequer if he will confirm that the figure of 9.9 per cent. given as the factor corresponding to a purchase tax rate of 11.25 per cent. in the Appendix to Cmnd. 5247 should in fact be 10.1 per cent.

Mr. Higgins

Yes. The error was discovered too late for correction.

Factor=(11.25/111.25×100)%=10.1%