§ 28. Mr. Carter-Jonesasked the Chancellor of the Exchequer how much he expects to receive in a full financial year from value added tax on medical research by charitable trusts.
§ Mr. HigginsNo VAT is chargeable on non-commercial medical research carried out by charitable trusts.
§ 46. Mr. Spriggsasked the Chancellor of the Exchequer if, as part of his review of the operation of value added tax, he will estimate how the tax affected old-age pensioners' holidays taken in the United Kingdom during the holiday season 1973, and take into account representations he has received about its effect on these holidays; and if he will make a statement.
§ Mr. HigginsIt is misleading to single out one item as an indication of the overall effect of the changeover from purchase tax and SET to VAT. Retirement pensions are reviewed annually; and I believe it is right to allow pensioners to decide how they spend their money—on holidays or other items of discretionary expenditure.