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Advertisements (Vat)

Volume 76: debated on Wednesday 3 April 1985

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asked the Chancellor of the Exchequer what representations he has received about the practical difficulties facing newspapers in adjusting their accounting system by 1 May to accommodate their liabilities for value added tax on advertisements; and if he will make a statement.

Several letters have been received and technical discussions have taken place between the Newspaper Society and Customs and Excise about the practical implications of implementing the Budget decision to extend VAT to newspaper advertising. The six-week period allowed for the implementation of this change should be sufficient.