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Value Added Tax

Volume 887: debated on Thursday 6 March 1975

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asked the Chancellor of the Exchequer what procedures exist to reconcile the total of non-VAT and VAT transactions with the total transactions of any retailer.

Every taxable person must keep records and accounts of all taxable goods and services he receives or supplies in the course of his business. He must also keep a record of all the exempt supplies that he makes. Special retail schemes have been provided to facilitate the calculation of tax by retailers.

asked the Chancellor of the Exchequer what representations he has received concerning the Customs and Excise returns for VAT; and if he will make a statement.

Representations have been received from time to time about the design and content of the return forms, the signature required and the frequency at which they have to be furnished.

asked the Chancellor of the Exchequer what consultations he has had with the Institute of Chartered Accountants on VAT return procedures.

Both before and since the introduction of VAT, Customs and Excise has discussed the VAT return and other VAT procedures extensively with the allied accountancy bodies, including the Institute of Chartered Accountants.

asked the Chancellor of the Exchequer if he will make a statement on the Comptroller and Auditor General's reports to date on VAT collection procedures, and on any steps taken in consequence of them.

There has been one such report and it is at present being considered by the Committee of Public Accounts. It would not be appropriate for me to comment at present.

asked the Chancellor of the Exchequer what was the level of arrears of VAT returns at the latest convenient date; and what is his estimate of the amount of VAT so represented.

On 3rd March 1975 there were some 650,000 returns outstanding on which tax would be payable, but about 270,000 of them had not been due until 28th February. It is not possible to estimate the amount of tax involved.

asked the Chancellor of the Exchequer what requirements exist for the reconciliation of value added tax returns submitted by a retailer with the cash records of a concern.

Under the special VAT retail schemes, the output tax to be entered in a retailer's tax return is calculated by reference to his gross takings. The retailer must keep a record of his daily gross takings and, when required, produce it together with his cash accounts and any other business records.

asked the Chancellor of the Exchequer if he will list those organisations which have made representations to him against the proposed introduction of multi-rates of VAT.

Following is a list of organisations which have made representations direct to my right hon. Friend against the proposed introduction of multrates of VAT. Other bodies have made representations to Her Majesty's Customs and Excise which has passed on to Ministers the views expressed by them.

  • The Association of British Launderers and Cleaners.
  • The Association of Manufacturers of Domestic Electrical Appliances.
  • The Association of Toy and Fancy Goods Wholesalers.
  • The Branded Hand Knitting Association.
  • The Bristol and West Grocers Association.
  • The British Hardware Federation.
  • The British Hotels, Restaurants and Caterers Association.
  • The British Jewellery and Giftware Federation.
  • The British Leathergoods Manufacturers Association.
  • The British Photographic Manufacturers Association Ltd.
  • The British Radio and Electrical Manufacturers Association.
  • The Burnley and District Grocers Federation.
  • The Business Equipment Trade Association.
  • The Confederation of British Industry.
  • The Electrical Wholesalers Federation.
  • The European Hire Association.
  • The Federation of Wholesale Organisations.
  • The Film Production Association of Great Britain.
  • The Institute of Taxation.
  • The International Radio and Electrical Distributors Association.
  • The Merseyside and District Traders and Services Protection Council.
  • The National Association of Goldsmiths of Great Britain and Ireland.
  • The National Association of the Launderette Industry.
  • The National Federation of Site Operators Ltd.
  • The National Federation of Television Rental Association Ltd.
  • The National Food and Drink Federation.
  • The National Haidressers Federation.
  • The Pet Food Manufacturers Association.
  • The Petroleum Retailers Association.
  • The Radio and Television Retailers Association (RTRA) Ltd.
  • The Retail Consortium.
  • The Scottish Grocers Federation.
  • The Scottish Youth Hostels Association.
  • The Ship and Boat Builders National Federation.
  • The Society of Motor Manufacturers and Traders Ltd.
  • The United Kingdom Cutlery and Silverware Manufacturers.
  • The Wine and Spirit Association.
  • The Ayrshire Regional Co-operative Society Ltd.
  • The Cambuslang and District Co-operative Society Ltd.
  • The Co-operative Union Ltd, Parliamentary Committee.
  • The Devon Valley Co-operative Society Ltd.
  • The Dukeshead and Shotts Co-operative Society Ltd.
  • The Dumbarton Equitable Co-operative Society Ltd.
  • The Forth Valley Co-operative Managers' Council.
  • The London Co-operative Society.
  • The Paisley Co-operative Manufacturing Society.
  • The Strathhaven Co-operative Society Ltd.
  • The Uddington Co-operative Society Ltd.
  • The National Chamber of Trade.
  • The National Chamber of Trade, North East Council.
  • The National Chamber of Trade in Wales.
  • Barrow Chamber of Trade.
  • Blackburn Chamber of Trade.
  • Broadstone Chamber of Trade.
  • Canterbury and District Chamber of Trade.
  • Chapel-en-le-Frith Chamber of Trade.
  • Colwyn Bay Chamber of Trade.
  • Consett and District Chamber of Trade.
  • Conway (Borough of) Chamber of Trade.
  • Cumbria District Chamber of Trade.
  • Drapers Chamber of Trade.
  • Droylsden and District Chamber of Trade.
  • Dyfed Branch Chamber of Trade.
  • Fylde and Kirkham Chamber of Trade.
  • Glasgow Chamber of Trade.
  • Gwyned District Committee, Chamber of Trade.
  • Hinckley and District Chamber of Trade.
  • Kenilworth Chamber of Trade.
  • Llandudno Chamber of Trade.
  • Newport Chamber of Trade.
  • Nuneaton and Bedworth Chamber of Trade.
  • Pontypool Urban Area Chamber of Trade and Commerce.
  • Poole Chamber of Trade.
  • Pudsey Chamber of Trade.
  • Rayleigh Chamber of Trade.
  • Scunthorpe Chamber of Trade.
  • Selby Chamber of Trade.
  • Shaftesbury Chamber of Trade.
  • Sheffield and District Chamber of Trade.
  • South Yorkshire Chamber of Trade.
  • Stafford Chamber of Trade.
  • Swanage Chamber of Trade.
  • Torquay Chamber of Trade and Commerce.
  • Treherbert and District Chamber of Trade.
  • Whitley Bay Chamber of Trade.
  • Wimborne Minster Chamber of Trade.
  • Brent Chamber of Commerce.
  • Broadstairs and St. Peters Chamber of Commerce.
  • Cornwall Federation of Chambers of Commerce.
  • Dorchester Chamber of Commerce.
  • Ewell Chamber of Commerce.
  • London Chamber of Commerce and Industry.
  • Luton, Dunstable and District Chamber of Commerce.
  • Northern Ireland Chamber of Commerce.
  • Port of Portsmouth Incorporated Chamber of Commerce.
  • Rugeley and District Chamber of Commerce.
  • St. Pancras and Hampstead Chamber of Commerce.
  • Swindon Chamber of Commerce.
  • Thorne and District Chamber of Commerce.
  • The National Pharmaceutical Union.
  • Leicester and Leicestershire Branch, NPU.
  • Sheffield and District Branch, NPU.
  • York and District Branch, NPU.