Income Tax and Super-Tax.

Oral Answers to Questions — Finance Bill. – in the House of Commons on 21st June 1927.

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Photo of Major-General Sir Robert Hutchison Major-General Sir Robert Hutchison , Montrose District of Burghs

46.

asked the Chancellor of the Exchequer if the pay of British diplomatic representatives in China is subject to deduction of British Income Tax?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

The emoluments of British diplomatic representatives in China which are payable out of the public revenue of the United Kingdom are chargeable with Income Tax under Schedule E, and the tax is collected by deduction.

Mr. SANDEMAN:

47.

asked the Chancellor of the Exchequer whether, in order to assist Members in the forthcoming Debates on the Finance Bill, he will circulate a White Paper explaining, in non-technical language, the Clauses dealing with inland revenue?

Photo of Sir Basil Peto Sir Basil Peto , Barnstaple

50.

asked the Chancellor of the Exchequer whether he will circulate to Members a revised edition of Clauses 17 to 44 of the Finance Bill in plain English, with examples, before the Committee stage of the Bill is taken?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

I hardly think it necessary to take this course. It certainly would be most unusual. The Clauses in the Finance Bill follow the customary form, and I am not aware of any precedent for attempting to draft them in non-technical language. I shall be ready, of course, to explain them in the ordinary manner when they are reached in Debate.

Mr. SANDEMAN:

Does the right hon. Gentleman not think that a great deal of time would be saved in Debate if a White Paper were issued giving some sort of idea what these Clauses really mean?

Photo of Mr Horace Crawfurd Mr Horace Crawfurd , Walthamstow West

Is it not within the recollection of the Financial Secretary that the Chancellor of the Exchequer, in his Budget statement, said that with regard to these Clauses at least he could guarantee that no other Member of the House would understand them?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

That goes rather beyond what my right hon. Friend said. At any rate, all these circumstances were taken into consideration by my right hon. Friend when drafting his answer.

Mr. SANDEMAN:

Is the right hon. Gentleman aware that probably he, the Chancellor of the Exchequer and possibly God, but nobody else, can possibly understand these Clauses?

Sir F. HALL:

What objection can there be to issuing a Paper on the lines indicated by my hon. Friend, so that we may have an opportunity of understanding something about these Clauses?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

If the hon. Member will read in the OFFICIAL REPORT the answer I have just given, he will see that it answers his question.

Photo of Mr Ernest Thurtle Mr Ernest Thurtle , Shoreditch

Has the tight hon. Gentleman forgotten that his party is known as the stupid party.

Photo of Mr James Couper Mr James Couper , Glasgow Maryhill

49.

asked the Chancellor of the Exchequer the amount of Income Tax paid during the last financial year in Glasgow, Edinburgh, Leeds, Manchester, Liverpool and Birmingham?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

I regret that I am unable to furnish information as to the Income Tax paid in cities or local areas.

Photo of Sir George Gillett Sir George Gillett , Finsbury

52.

asked the Chancellor of the Exchequer the number of companies that have become liable to pay Super-tax under Section 21 of the Finance Act, 1922; and the amount of money received since the passing of the Act under this Section?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

I would refer the hon. Member to the reply given on the 1st June to a question asked by my hon. Friend the Member for the Hartlepools Division (Sir W. Sugden). I am sending him a copy of that reply.

Photo of Mr Herbert Williams Mr Herbert Williams , Reading

Could the right hon. Gentleman say what is the gain to the Revenue in Super-tax from people who buy these stocks?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

I could not say without notice.

Photo of Sir George Gillett Sir George Gillett , Finsbury

53.

asked the Chancellor of the Exchequer the estimated loss to the Super-tax Revenue from the custom of certain individuals, to avoid payment of the tax, by sales, cum dividend, of stocks held by them?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

I cannot name any definite figure, because, in the nature of things, the transactions are excluded from the review of the Commissioners of Inland Revenue, the income not being included in the Super-tax return of the vendor.

Photo of Lieut-Colonel Charles Howard-Bury Lieut-Colonel Charles Howard-Bury , Chelmsford

Is Super-tax in future to be paid twice over on the same sum of money under the new proposals?