§ Mr. Robin F. Cookasked the Chancellor of the Exchequer if he will publish in the Official Report the total revenue from VAT on petrol and on derv in 1974–75 and 1975–76 at 1975–76 prices.
§ Mr. Robert SheldonIt is estimated that revenue from VAT on petrol in 1974–75 and 1975–76 at 1975–76 prices was about £170 million and £410 million, respectively. The amount of revenue from VAT on derv is very small.
§ Mr. Newtonasked the Chancellor of the Exchequer if he will publish a figure based on recent family expenditure surveys for the proportion of the family budget of a typical family on average earnings that is spent on goods and services incurring value added tax.
§ Mr. Robert SheldonInformation in the form asked for is not available. It is estimated that in 1975 about half the average expenditure of households with a weekly income between £70 and £80 was for goods and services on which value510W added tax is charged at the standard or higher rates.