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Vat (Spectacles And Contact Lenses)

Volume 129: debated on Thursday 10 March 1988

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To ask the Chancellor of the Exchequer how much money he estimates will be raised by imposing value added tax on spectacles and contact lenses.

[holding answer 7 March 1988]: It is estimated that the additional revenue yield from ending the exemption from value added tax on final sales of spectacles and contact lenses would be about £ million in a full year in 1988–89 terms.