§ Mr. Hooleyasked the Chancellor of the Exchequer if he will list in the 716W Official Report the gross yield of VAT in each financial year for the period April 1974 to March 1978, and the estimated yield in 1978–79, giving all the figures at constant 1977 prices.
§ Mr. Robert SheldonI assume that by gross yield my hon. Friend means net receipts without deduction of administration expenses. At average 1977 prices the information is:
… … … £ million 1974–75 … … … 4,016 1875–76 … … … 4,438 1976–77 … … … 4,201 1977–78 … … … 4,140 1978–79 (estimate) … … … 4,320