§ Mr. Lawsonasked the Chancellor of the Exchequer, pursuant to paragraph 2 of Her Majesty's Government's explanatory memorandum on the European Community's document COM(78)531, what would be the yield from the United Kingdom of a 1 per cent. rate of value added tax, taking the latest year for which estimated figures are available (a) directly on the basis of taxpayers' information on the taxable base as returned to the United Kingdom tax administration and (b) on the basis of the total actual value added tax revenue and an estimated average value added tax rate from which is calculated an estimated taxable basis.
§ Mr. Robert SheldonI will let the hon. Member have a reply as soon as possible.