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Value Added Tax

Volume 895: debated on Thursday 17 July 1975

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asked the Chancellor of the Exchequer (1) how many businesses operate coin-in-the-slot telescopes at the seaside and places of interest, the takings from which are subject to VAT;(2) what has been the amount of VAT derived from coin-in-the-slot telescopes in each of the two years starting from 1st April 1973;(3) what is his estimate of the loss to the Revenue in the current year from VAT derived from coin-in-the-slot telescopes if businesess operating these no longer do so, owing to the cost of renewing the coin-operated clock mechanisms.