§ Mr. Waltersasked the Chancellor of the Exchequer what representations he has received from small businesses about relief from value added tax on bad debts; and if he will make a statement.
§ Mr. Brooke[pursuant to his reply, 3 February 1987, c. 579]: Virtually all the representations received in response to the Customs and Excise consultation document "VAT: Small Business Review" have welcomed the automatic bad debt relief which would accrue under the proposed cash accounting option. All points made in the representations will be taken into account in the further consideration I am now giving to the consultative document proposals.
§ Mr. Waltersasked the Chancellor of the Exchequer when he intends to implement the proposals in the Customs and Excise consultation document on value added tax on small businesses, particularly the cash accounting option for suppliers with a turnover of up to £100,000.
§ Mr. Brooke[pursuant to his reply, 3 February 1987, c. 579]: The Government are considering the many representations received and hopes to be able to announce their decisions on the consultation document proposals at the time of my right hon. Friend's Budget Statement on 17 March.