Part of Oral Answers to Questions — Transport. – in the House of Commons at on 14 July 1925.
Mr Herbert Cayzer
, Portsmouth South
asked the Chancellor of the exchequer whether he is aware of the dissatisfaction that exists with the methods adopted by Income Tax officials dealing with claims for the repayment of Income Tax deducted at source from dividends, etc.; and whether he will take steps to abolish the system introduced last year which is unnecessary to secure the desired object, and creates difficulties and delay?
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
