Vat: Higher Rate

Part of Orders of the Day — FINANCE (No. 2) BILL – in the House of Commons at 12:00 am on 15 May 1975.

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Photo of Dr John Gilbert Dr John Gilbert , Dudley East 12:00, 15 May 1975

I am grateful to the hon. Gentleman for giving way. I am sure that he is making a forceful point, but will he explain why that distinction was introduced in the Finance Act 1972 by the then Conservative Government?