HC Deb 25 January 1988 vol 126 c86W
Mr. Bermingham

To ask the Chancellor of the Exchequer what estimates he has of the amount which would be raised in a full year by the levying of value added tax on books, newspapers and periodicals at(a) 5, (b) 10 and (c) 15 per cent.; and if he will make a statement.

Mr. Lilley

[holding answer 22 January 1988]: The estimated full year net revenue yield in 1988–89 of imposing value added tax on books, newspapers and periodicals is as follows:

£ million
(a) 5 per cent 180
(b) 10 per cent. 350
(c) 15 per cent. 515