Loss of Office Compensation (Income Tax)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 23 March 1948.

Alert me about debates like this

Photo of Mr Frank Beswick Mr Frank Beswick , Uxbridge 12:00, 23 March 1948

asked the Chancellor of the Exchequer whether Income Tax is charged on moneys received as compensation for loss of office.

Photo of Sir Stafford Cripps Sir Stafford Cripps , Bristol East

The question of liability depends on the facts of the particular case.

Photo of Mr Frank Beswick Mr Frank Beswick , Uxbridge

But a fortnight ago my right hon. and learned Friend said that it depended upon the interpretation of the courts. In view of the fact that on at any rate two occasions the High Court has declared that such moneys do not carry Income Tax, would not my right hon. and learned Friend think it appropriate, in his forthcoming Budget to amend the law in this respect, thus preventing the evasion of payment of tax, which is going on at the present time?

Photo of Sir Stafford Cripps Sir Stafford Cripps , Bristol East

I am afraid that I cannot make any statement about what would be appropriate in my forthcoming Budget.