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Mr. Hanley
To ask the Chancellor of the Exchequer what representations he has received about what the value added tax and corporation tax liability for charitable organisations receiving contributions from consumers using certain specified credit cards will be; and if he will make a statement.
Mr. Ryder
None. Customs and Excise and the Inland Revenue have identified a value added tax and corporation tax liability in a number of affinity credit card schemes which they have examined. The two Revenue departments are considering each scheme on its own merits.
| Long and short-term nominal interest rates | ||||||||
| United Kingdom | West Germany | United States | Japan | |||||
| three month | 10 year | three month | 10 year | three month | 10 year | three month | 10 year | |
| January | 13·1 | 10·0 | 5·7 | 6·7 | 9·3 | 9·3 | 4·6 | 4·9 |
| February | 13·0 | 9·8 | 6·5 | 6·9 | 9·6 | 9·4 | 4·7 | 4·9 |
| March | 13·0 | 9·9 | 6·6 | 6·9 | 10·1 | 9·6 | 4·8 | 5·1 |
| Apri | 13·2 | 10·2 | 6·4 | 6·9 | 10·0 | 9·4 | 4·7 | 5·2 |
| May | 13·1 | 10·1 | 7·0 | 7·0 | 9·7 | 9·0 | 5·0 | 5·3 |
| June | 14·1 | 10·6 | 7·0 | 6·8 | 9·2 | 8·5 | 5·4 | 5·3 |
| July | 13·9 | 10·2 | 7·1 | 6·7 | 8·8 | 8·2 | 5·5 | 5·2 |
| August | 13·9 | 9·9 | 71 | 6·7 | 8·8 | 8·3 | 5·5 | 5·1 |
| September | 14·0 | 10·2 | 7·4 | 6·9 | 8·8 | 8·4 | 5·6 | 5·3 |
| October | 15·0 | 10·5 | 8·1 | 7·0 | 8·7 | 8·2 | 6·1 | 5·3 |
| November | 15·1 | 10·6 | 8·3 | 7·4 | 8·4 | 8·0 | 6·8 | 5·6 |
Source: National sources.