§ Mr. ShersbyTo ask the Chancellor of the Exchequer if he will make an estimate of the revenue from value added tax on soft drinks at the rate of 17.5 per cent. for the106W current financial year; and what the comparable figures would be if the rate were to be (a) 4 per cent. and (b) 9 per cent.
§ Mrs. Gillian ShephardThe following are estimates of the value added tax receipts in 1991–92 assuming the rates apply to a full year's expenditure.
VAT rate Revenue yield from soft drinks £ million 17.5 per cent. 520 4.0 per cent. 120 9. per cent. 270