§ Mr. Bruceasked the Chancellor of the Exchequer what would be the cost of abolishing payment of value added tax on transactions between a self-employed businessman and partnerships; and whether this was included in the total figure for inter-company transactions given in the answer on 9 February, Official Report column 725.
§ Mr. HayhoeNo information is available on which to base such an estimate. However, the amount involved will be within the estimate supplied in the previous answer mentioned.
§ Mr. Bruceasked the Chancellor of the Exchequer if he will give detailed information about how he calculated the figure of £1,750 million as the amount by which revenue would be reduced by the abolition of the payment of value added tax on inter-company transactions as stated in the answer on 9 February, Official Report, column 725.
§ Mr. HayhoeI regret that in the time available it has not been possible to provide the information requested. I shall write to the hon. Member.