Value Added Tax

HC Deb 22 July 1983 vol 46 cc262-3W

Mr. Arnold

asked the Chancellor of Exchequer if he will set out in the Official Report the rates of valued added tax applicable in each financial year since the inception of the tax.

Mr. Hayhoe

The information is as follows:

	Higher rate (per cent.)	Standard rate (per cent.)
1973–74	—	10
1974–75	25	10 and 8
1975–76	25	8
1976–77	25 and 12.5	8
1977–78	12.5	8
1978–79	12.5	8
1979–80	12.5	8 and 15
1980–81	—	15
1981–82	—	15
1982–83	—	15

Details of the dates of introduction of rates are given in the report of the commisssioners of Her Majesty's Customs and Excise, a copy of which is available from the Library.