Mr. Wm. Rossasked the Chancellor of the Exchequer if he will list in the Official Report the types and rates of tax payable on musical instruments.
§ Mr. Robert SheldonValue added tax is chargeable at the 12½ per cent. higher rate on electronic musical instruments which are of a kind suitable for domestic or recreational use, and at the 8 per cent. standard rate on all other musical instruments. Musical instruments imported from outside the EEC are also liable to import duty. The full rate varies between 6 per cent. and 10½ per cent ad valorem, although where the necessary conditions are met lower preferential rates may be applicable.