§ Mr. WallerTo ask the Chancellor of the Exchequer how many companies are now being required to lodge security by guarantee or a cash deposit with Customs and Excise towards future VAT returns, in order to continue to supply goods and services under the Value Added Tax Act 1983.
§ Sir. John CopeFor the year ending 31 March 1993, Customs and Excise required 1,176 of the 1.6 million (0.07 per cent.) VAT registered businesses to provide security.