§ Mr. Beithasked the Chancellor of the Exchequer what are the value-added tax exemption thresholds for small businesses in each of the member countries of the European Economic Community.
§ Mr. HayhoeThe information is as follows:
£ sterling (exchange rates as at 11 October 1983) Country Annual limit Type of limit* United Kingdom 18,000 Taxable turnover Luxembourg 2,506 Tax-exclusive turnover Denmark 710 Turnover Irish Republic Business mainly involved in 9,520 Turnover supplying services Other businesses 19,833 Germany 5,135 Tax-inclusive turnover Netherlands 470 Tax France 113 Tax Belgium No exemption Italy * As shown in the table exemption limits differ in kind between EC countries. In addition they are often operated in conjunction with special schemes for small traders. Greece does not yet have a valued-added tax.