HC Deb 24 May 1979 vol 967 cc193-4W
Mr. David Price

asked the Chancellor of the Exchequer what are his estimates of the additional revenue accruing to Her Majesty's Customs and Excise of merging the 8 per cent. and the 12½ per cent. rates of value added tax into a single rate of 10 per cent., 11 per cent. and 12 per cent., respectively, in 1979–80 and in a full year.

Mr Peter Rees

About £800 million, £1,300 million and £1,700 million, respectively, in a full year based on 1978–79 prices and expenditures. For a Budget on 12 June, net receipts in the financial year would be about half the full-year yield. It would be contrary to practice to give 1979–80 estimates before the Budget.

Mr. Spearing

asked the Chancellor of the Exchequer what is the annual value added tax revenue derived from launderettes.

Mr. Peter Rees

The tax charged by businesses registered as launderettes in the financial year 1977–78 is published in table 52 on page 113 of the report of the commissioners of Her Majesty's Customs and Excise for the year ended 31 March 1978. There is a copy in the Library of the House.

Mr. Michael Morris

asked the Chancellor of the Exchequer how much revenue was raised through VAT for the latest 12 months available.

Mr. Peter Rees

Net receipts of VAT in the financial year 1978–79 were £4,900 million—provisional.

Mr. Michael Morris

asked the Chancellor of the Exchequer how much VAT revenue was raised from theatres, concert halls and cinemas for the latest 12 months available.

Mr. Peter Rees

I will let my hon. Friend have a reply as soon as possible.

Mr. Michael Morris

asked the Chancellor of the Exchequer how much VAT revenue was raised on records and prerecorded cassettes for the latest 12 months available.

Mr. Peter Rees

I am afraid that this information is not available because persons registered for VAT are not required to make returns of the tax charged on particular goods and services.