§ MR. SALT (Stafford)asked the Secretary to the Treasury, Whether persons in the employment of private firms or of individuals are permitted to make Returns of Income Tax based upon a three years' average as provided in 16 & 17 Vict. c. 34,. s. 48, but that persons employed by Joint Stock or other public Companies are not allowed a similar privilege; and. what is the cause that this difference is made between persons of similar position and occupation?
§ THE SECRETARY (Mr. JACKSON) (Leeds, N.)So far as the individuals employed in private firms are concerned, they are entitled to make returns for assessment to Income Tax on the three years' average. But with respect to employés in Joint Stock and some other Companies, the practice of making their returns on the principle of the three years' average is confined to clerks, buyers, salesmen, travellers, agents, &c, the Board of Inland Revenue being advised that managing directors, secretaries, and other officers of that standing are chargeable on the income which they actually receive in the year.