HC Deb 12 June 1893 vol 13 c782
MR. E. H. BAYLEY (Camberwell, N.)

I beg to ask the Chancellor of the Exchequer if he will kindly state if there are any Societies, and, if so, how many, whose incomes exceed £1,000 per annum, which do not pay Income Tax by reason of the provisions of "The Industrial and Provident Societies Act, 1876," Section 11, Sub-section 4?


The Act referred to provides that such Societies "shall not be chargeable under Schedule C or Schedule D of the Income Tax Acts." Consequently, as no return of profits is made by such Societies, and their names do not appear in any Income Tax assessments, I have no information which would enable me to answer the question.

MR. HOWELL (Bethnal Green, N.E.)

May I ask whether it is not the fact that the members of such Societies, whose incomes are chargeable with Income Tax, have to pay Income Tax?


I suppose as individuals they would pay, but I am asked as to the Societies.