HC Deb 26 February 1987 vol 111 cc371-2W
47. Mr. Straw

asked the Chancellor of the Exchequer what representations he has received regarding a rise in the rates of value added tax.

57. Dr. Marek

asked the Chancellor of the Exchequer what representations he has received regarding a widening of the base of value added tax.

Mr. Brooke

A few.

62. Mr. Amess

asked the Chancellor of the Exchequer what representations he has received about the late payment of value added tax from small businesses.

Mr. Brooke

A number, mainly in conjunction with complaints about delays on the part of business customers in settling accounts and the default surcharge on persistent late payment of VAT which was introduced on 1 October 1986. As announced in "Building Businesses … Not Barriers" (Cmnd. 9793) there will be a full review of the operation of the surcharge, in the light of a full year's experience before the 1988 Budget.

Mr. Evans

asked the Chancellor of the Exchequer what is the current estimate of revenue to be raised this financial year from value added tax.

Mr. Brooke

The next forecast for VAT revenue in 1986–87 will be made at the time of the Budget.