Clause 25 - Relief from vat on acquisition if importation would attract relief
Finance Bill
11:15 am
Mr Christopher Chope (Christchurch, Conservative)
I wonder whether the Financial Secretary would respond to certain representations from one company that has written to the Secretary of State for Trade and Industry on 25 April. That company makes the following point:
''Many millions of pounds worth of taxpayers' money is being provided to help indigenous manufacturers, particularly in the knitwear industry locally. I am amazed that the Government can then contemplate a measure which would give purchasers of, say, overseas knitwear, an advantage over those who buy within the UK.''
The point being made is that the clause will give an advantage to those who import goods, compared with those who buy goods from domestic manufacturers.