HC Deb 26 October 1979 vol 972 cc361-2W
Mr. Lee

asked the Chancellor of the Exchequer if he considers that the deferment of taxation by corporate and private taxpayers through leasing transactions is in the national interest.

to be registered. These figures include many traders who regularly claim repayments of VAT.

Mr. David Atkinson

asked the Chancellor of the Exchequer what is the estimated cost of collection of value added tax from businesses with an annual turnover of (a) £20,000 and (b) £50,000.

Mr. Peter Rees

It is estimated that the average cost to Customs and Excise in 1978–79 was about £70 in respect of each registered person.

No reliable information is available about the administration costs related to different categories of businesses but the cost of collecting VAT from a small firm is believed to be less than the average for all businesses.