Finance Bill. – in the House of Commons at on 21 June 1921.
The provisions of Sub-section (1) and of paragraphs (a) and (c) of Sub-section (2) of Section one hundred and fifty-seven of the Income Tax Act, 1918 (which relates to the date when the payment of Income Tax shall become due and provides for the payment of Income Tax by instalments in certain cases), shall apply to the case of Super-tax charged under Part II of the Income Tax Act, 1918, as they apply to the cases mentioned in paragraph (b) of Sub-section (2) of that Section, and the provisions of the Income Tax Act, 1918, applied for the purposes of the collection and recovery of Super-tax by Sub-section (6) of Section seven of that Act shall be read and construed with the necessary modifications accordingly.—[Sir B. Stanier.]
Sir Beville Stanier
, Ludlow
I beg to move "That the Clause be read a Second time."
This is another Clause that I have been asked to move by the Land Owners' Association. The effect of it is that we ask that Super-tax may be divided and paid in two instalments in the same way as Income Tax is paid.
Sir Robert Horne
, Glasgow Hillhead
The proposal is one with which I have great sympathy and in ordinary times I would be very ready to meet the desire which the hon. Member has expressed. But The Times are not ordinary and the effect of accepting this proposal would be that I should lose £20,000,000 in the course of the current year's revenue.
Sir Beville Stanier
, Ludlow
It would not be lost. Payment would be postponed.
Sir Robert Horne
, Glasgow Hillhead
Certainly postponed, but it is almost as bad to postpone payment at the moment as it is to lose it altogether; at any rate the obligations of the present year are such that one cannot take into account the possibility of the postponement of revenue of so large an amount. Reference has been made to the payment of Income Tax in two instalments. That was done at a time when the Income Tax was being raised, and therefore, while there was an immediate loss it was at a time when taxation was increasing and there was an increase in revenue. It was possible to do that in those circumstances. While I have every sympathy with the Motion I am afraid that my poverty and not my will prevents me accepting it on this occasion.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
