Clause 15. — (Income Tax on offices, employments, and pensions to be chargeable under Schedule E.)

Part of Orders of the Day — Finance Bill. – in the House of Commons at on 13 July 1922.

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Photo of Mr John Whitley Mr John Whitley , Halifax

The next two Amendments on the Paper, standing in the name of the hon. Member for Thornbury (Mr. Rendall)—at the end of the Clause to insert the words Provided that any persons whose income has hitherto been chargeable under Schedule D, and by this Section becomes chargeable under Schedule E, applies to the Commissioners before the thirtieth day of September, nineteen hundred and twenty-two, that his income should, during the present and the two following years, be chargeable under Schedule D, his income shall continue to be so chargeable— and in the name of the hon. Member for North-East Derbyshire (Mr. Holmes)—at the end of the Clause to insert a new Sub-section (8) Provided that in any case where the taxpayer can show that but for the operation of this Section the amount of the assessment made upon him would have been less, he shall be entitled to be assessed for the year 1922–23 in such an amount as is equal to the assessment which would have been made upon him but for the passing of this Section plus one-third of the difference between this assessment and the assessment made under this Section.For the year 1923–24 he shall be entitled to be similarly assessed, except that the amount to be added to the assessment that would have been made upon him but for the passing of this Section shall be two-thirds of the difference between the assessment under this Section and the assessment that would have been made upon him but for the passing of this Section"— deal more or less with the same point. The House has negatived the smaller proposition; therefore, it is not open to the House to accept the larger proposition.