As at present advised, I see no sufficient reason to adopt this suggestion, which might in- volve an alteration of the Income Tax law. The general position is that membership of a board of directors which meets in this country entails liability to Income Tax in respect of the remuneration of the individual directors.
asked the Prime Minister whether consideration will be given to making all appointments by the Government to directorships of companies uniform with the plan only adopted at present in Home-grown Sugar, Limited, by which the director surrenders all his fees in return for a fixed payment?
The hon. and gallant Member's suggestion will be duly borne in mind as occasion may require, but I do not think it would be desirable to lay down any uniform rule on the subject.