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Value Added Tax

Volume 929: debated on Thursday 7 April 1977

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asked the Chancellor of the Exchequer what the real value of VAT exemption limits for small businesses would have to be to take account of inflation, since the limit was first introduced into the United Kingdom VAT system.

I would refer the hon. Member to the reply given to the hon. Member for Cornwall, North (Mr. Pardoe) on 31st March 1977.