HC Deb 12 August 1842 vol 65 cc1305-6
Mr. T. Duncombe

asked the Chancellor of the Exchequer if, in all future quarterly accounts of the Income tax, it was intended to include, as separate items, the amount of the tax stopped at all the public offices, and the sums received from the amount so stopped from persons whose incomes were under 150l. a year? He understood that this was done under the old Income-tax.

The Chancellor of the Exchequer

said, this would be practicable if the House required it, but he believed the accounts would only contain the several gross amounts received from different sources.

Mr. Hume

said, the accounts ought to give the aggregate amount received from each schedule for each quarter, leaving the details to be given afterwards. It was very important that they should be able to see how the Income-tax bore on the other taxes of the country.

Mr. Duncombe

said, he understood that it would be four or five months before persons with incomes under 150l. per annum would be able to recover the amount deducted from payments made to them in the manner he had alluded to.

Mr. Ewart

asked the Chancellor of the Exchequer whether he was aware that the government of France intended to tax the English holders of French dividends, in consequence of the French holders of English funds having been taxed by the income tax in this country? By this means the English holder would be twice taxed—once on his income in this country, and again by the tax imposed by France.

The Chancellor of the Exchequer

had never heard such a report. He had heard it stated as an argument against the Income-tax, but never as a measure likely to be carried into effect.

Back to