Orders of the Day — Sixth Schedule. — (Income Tax in relation to assets transferred under the Coal Industry Nationalisation Act, 1946.)

– in the House of Commons at 12:00 am on 17 June 1947.

Alert me about debates like this

Photo of Sir Frank Soskice Sir Frank Soskice , Birkenhead East 12:00, 17 June 1947

I beg to move, in page 67, line 23, to leave out "or allowance," and to insert "allowance or charge."

This Amendment is designed to eliminate a possible doubt which might arise from the wording of paragraph 7 of the Schedule. As it reads at present, it might be thought that the wording simply relates to powers of deduction for allowance, whereas the intention is that it should provide not merely for deductions and allowances, but also for balancing charges. The Amendment makes it clear that the words are intended to include charges.

Amendment agreed to.

Schedule, as amended, agreed to.