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Value Added Tax

Volume 893: debated on Friday 13 June 1975

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asked the Chancellor of the Exchequer if he will exempt from the increased rate of VAT of 25 per cent. life-saving craft provided for use by the Order of St. John, the Royal Life Saving Society, and the Peter Fry Rescue Trust.

Apart from certain life rafts and lifeboats which are excluded from the scope of the 25 per cent. rate it would, in general, be impracticable to identify for the purposes of VAT boats used solely as life-saving craft.