§ Mr. Joel Barnettasked the Chancellor of the Exchequer if he has yet made an estimate of the total amount claimed by VAT registered traders in respect of the purchase tax rebate on stocks held at 31st March 1973.
§ Mr. HigginsI have nothing to add to the reply I gave the hon. Member on 3rd May.—[Vol. 855, c.345.]
§ Mr. Joel Barnettasked the Chancellor of the Exchequer (1) how many claims for purchase tax rebate on stocks were received after the 31st March 1973 deadline;
(2) what is the amount of purchase tax rebate claimed by those whose applications were received after the deadline of 31st March 1973;
(3) if the final number of traders, accepted as having registered for purchase tax rebate by 31st March 1973, was any higher than the figure of 273,000 given on 3rd May 1973.
§ Mr. HigginsThe date specified was 30th April 1973. About 22,000 claims for purchase tax and revenue duty rebate have been received since then. These have not yet been fully analysed. The revised figure for claims made by the specified date is about 285,000.
§ Mr. Joel Barnettasked the Chancellor of the Exchequer what plans he has to 362W pay the purchase tax rebate on claims received after 31st March; and under what section of which Act he will be making such payment.
§ Mr. HigginsFollowing Budget Resolution No. 11, rebate will be treated as additional input tax in a trader's first VAT return, which, for retailers in general is due to be made during July. As for claims received after 30th April, I have nothing to add to the last part of the reply I gave to the hon. Member on 9th May.