§ Mr. David Mitchellasked the Chancellor of the Exchequer, pursuant to the answer given on 24th February 1977 on EEC Directives on VAT, whether any agreement has been made which prohibits the United Kingdom from raising the exemption limit for VAT to an amount greater than 5,000 in 1972 indexeed for subsequent inflation or any other limitation.
§ Mr. Robert SheldonThe Sixth Directive on value added tax was agreed by the Council of Ministers at its meeting on 17th May 1977 and a copy has been placed in the Library of the House. Article 24.2 (c) of that directive restricts increases in the registration exemption limit for VAT to those which would
maintain its value in real terms ".