§ Mr. David Mitchellasked the Chancellor of the Exchequer (1) what proportion of the receipts of value added tax are absorbed in the costs of collection in respect of those traders whose turnover is £10,000 or less, £15,000 or less, £20,000 or less, and £25,000 or less, respectively;
(2) what proportion of the receipts of value added tax are absorbed in the costs
£ million Loans Grants European Investment Bank … … 558.2 — European Coal and Steel Community: Steel … … 459.8 8.9* Coal … … 178.8 13.3 Regional Development Fund … … — 28.9 Social Fund … … — 46.5 European Agricultural Guidance and Guarantee Fund: Guarantee Section … … — 712.1 Guidance Section … … — 12.1 Hydro-Carbons … … — 6.7* * This is in respect of grants committed to the United Kingdom. Information on grants received is not available. £7.4 million has been received in respect of hill farming. This was committed in 1976 but was not received until early 1977.
§ Mr. Martenasked the Chancellor of the Exchequer if he will give the terms of the European Coal and Steel Community loans, including interest rates, of £150 million to the Teesside steel industry complex, South Teesside and Redcar, of £32 million to Scunthorpe steel industry, £63 million to the Sheffield steel industry, £25 million to Hunterson oil and coal importing terminal, £78 million to South Wales steel industry and £80 million to the National Coal Board.
§ Mr. Joel BarnettI shall let the hon. Member have a reply as soon as possible.
584Wof collection in respect of those traders whose turnover in respect of sales subject to value added tax is £10,000 or less, £15,000 or less, £20,000 or less and £25,000 or less, respectively
Mr. Robert Sheldon: I regret that the information is not available, but the total cost of administering VAT is about 2p for every £1 of revenue collected.