§ Sir Harold Wilsonasked the Chancellor of the Exchequer what was the revenue accruing from value added tax on live theatres sponsored or receiving financial assistance from the Treasury, whether through the Arts Council or in other ways, in the financial years 1977–78 and 1978–79 and his estimate of the likely revenue from such theatres in the current financial year and for 1980–81.
§ Sir Geoffrey HoweI regret that an answer would require special research which would absorb considerable resources and take more time than is available.
211W
§ Sir Harold Wilsonasked the Chancellor of the Exchequer what was the revenue accruing from value added tax on the live theatre in the financial years 1977–78 and 1978–79 and his estimate of the likely revenue for the current financial year and for 1980–81.
§ Sir Geoffrey HoweI regret that separate information for the live theatre is not available. The amount of VAT charged in 1977–78 on the services supplied by theatres, music halls, radio and TV services—excluding relay services—film and recording studios, which are classified together for VAT, was £49 million. It is estimated the amount charged in 1978–79 was about £65 million. Forecasts of VAT revenue are made globally on the basis of forecasts of total taxable expenditures and not for supplies of particular goods and services.
§ Mr. Craigenasked the Chancellor of the Exchequer what percentage increase in the retail price index since his Budget he attributes to the increase in the rate of value added tax.
§ Mr. Peter ReesI have nothing to add to what my right hon. and learned Friend said in his Budget Statement.