§ Mr. Proctorasked the Chancellor of the Exchequer what was the total tax yield, specific ad valorem and value added tax, in terms of European currency units in each of the EEC countries per 1,000 cigarettes as at 1 October; and if he will make a statement.
§ Mr. HayhoeThe nearest date to 1 October for which information is available is 11 November 1984. I understand the situation to be as follows:
If value added tax were to be applied at the standard rate to advertising in newspapers, journals and periodicals, it is estimated that the net revenue yield would be up to £25 million in 1984–85. The current yield from advertising in books is negligible.