§ Mr. Trotterasked the Chancellor of the Exchequer what is his estimate of the additional value added tax which would be borne by businesses if the European Community 12th directive of expenses to be excluded from value added tax refunds were to be implemented.
§ Mr. Bruce-GardyneOnly the broadest of estimates is possible, but it is estimated that the additional VAT which would be borne by businesses could be of the order of £750 million in a full year.