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Housing Repair Costs (Value Added Tax)

Volume 22: debated on Monday 19 April 1982

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asked the Chancellor of the Exchequer what is his estimate of the revenue that would be forgone in a full year if housing repair costs were zero-rated for value added tax.

It is estimated that the zero-rating of housing repair costs, including materials used by householders, would cost about £425 million in a full year.