asked the Chancellor of the Exchequer whether he has plans to extend the interest-free period over which capital transfer tax in respect of owner-occupied agricultural holdings can be paid by instalment from eight years to 12 years.

I will let my hon. Friend have a reply as soon as possible.

asked the Chancellor of the Exchequer if he will set out the amount by which the threshold of £10,000 for value added tax exemption would need to be raised in order to keep abreast of inflation.

On the basis of the retail price index for December 1979, the latest published, the VAT registration limit could now be raised to £13,000 taxable turnover per annum.