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Carpeting (Purchase Tax)

Volume 480: debated on Thursday 16 November 1950

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asked the Chancellor of the Exchequer whether, in view of the fact that the Board of Trade has reduced the margin of profit available to the retailer as prices of carpeting have increased at the factory, he will reduce the rate of Purchase Tax to 16⅔ per cent. in order to still further peg the price of this essential commodity to the public.

No. Carpeting is already chargeable at the lowest of the three statutory rates of Purchase Tax.