§ Mr. George Robertsonasked the Chancellor of the Exchequer if he will list his powers to alter the amount of value added tax contribution paid by the United Kingdom to the European Economic Community.
§ Mr. Ian StewartContributions of up to 1 per cent.l of value added tax calculated on a harmonised base constitute part of the Community's own resources. The368W precise amount is determined during the budgetary process, in which the United Kingdom plays a part as a member of the Council of Ministers. The 1 per cent. ceiling on VAT own resources available to the Community may not be increased without the prior approval of Parliament.