§ Mr. Knoxasked the Chancellor of the Exchequer what was the cost of collecting value added tax in the most recent year for which figures are available; and what percentage of the revenue this represented.
§ Mr. Bruce-GardyneThe cost of VAT administration in 1980–81, the latest year for which figures are available, was £128.8 million. This equalled 1.2 per cent. of the revenue collected.