HC Deb 28 June 1909 vol 7 c33

asked whether joint stock companies are required to deduct the whole Income Tax of 1s. 2d. in the pound from dividend warrants for the half-year ending 30th June, although one-half the dividend was earned when the tax was 1s.?


I may perhaps be allowed to refer my hon. Friend to my right hon. Friend's reply on the 24th ultimo to a similar question by the hon. Member for Great Yarmouth.


Can the right hon. Gentleman answer the question in some other way than by reference?


I have the answer here:—"The usual instructions have been given for the deduction of Income Tax at the rate of 1s. 2d. in the £ from such foreign and Colonial dividends as fall under the law to be charged at the rate in force at the time of payment. These instructions do not apply to the dividends of companies registered in the United Kingdom."—[Official Report, col. S31, 24th May, 1909.]