VAT zero rate for tunnel tolls?
19th May 1972, Page 31
19th May 1972
Page 31
Page 31, 19th May 1972
— VAT zero rate for tunnel tolls?
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• A further VAT burden for road hauliers has been brought to light by the Tyne and Mersey Tunnel Committee.
Under the finance bill now going through its Commons committee stage, tolls on tunnels and bridges will be subject to a 10 per cent increase as a result of VAT.
MPs are being pressed to persuade the Chancellor of the Exchequer, Mr Tony
Barber, to -zero rate" tolls in the same way as ferry charges.
The Mersey Tunnel joint committee has pointed out to the Chancellor that 55000 vehicles a day use the Mersey tunnel.
To raise the 5p, 15p, 40p, and 50p tolls will mean creating odd amounts including halfpence. This, it is said, will cause hold-ups at toll booths, and congestion in the streets of Liverpool, Birkenhead and Wallasey.