§ Mr. Quentin DaviesTo ask the Chancellor of the Exchequer what progress has been made since his announcement of the introduction of monthly VAT returns for the largest VAT payers.
§ Mrs. Gillian ShephardIn his announcement on 21 October, at columns317–18, my right hon. Friend the Chancellor of the Exchequer advised that business representatives would be consulted on the details of this change.
Customs and Excise has now produced a consultation paper, which has been issued initially to some 57 trade associations, representatives bodies and individual 328W businesses, including the 17 members of the joint VAT consultation committee. A copy of the paper has been placed in the Library of the House.