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1987-1990 - Mr Major’s Written Parliamentary Answer on VAT (Water)

Below is the text of Mr Major's written Parliamentary Answer on VAT (Water) on 24th May 1990.


Mr. John Morris To ask the Chancellor of the Exchequer (1) what is the estimated annual cost to industry in Scotland of applying value added tax to water supply from 1 July;

(2) what is the estimated annual cost to industry of applying value added tax to water supply from 1 July;

(3) what is the estimated annual cost to industry in Wales of applying value added tax to water supply from 1 July.

Mr. Major Negligible. VAT to be charged on water supplies to industry after 1 July will, in virtually all cases, be reclaimable as input tax by those affected.