§ 21. Mr. JAMES MASONasked the Chancellor of the Exchequer whether Income Tax was deducted between 6th April and 7th August of this year without any Act of Parliament authorising its deduction, from the dividends due to small investors who have invested through the Post Office Savings Bank, including those investors whose total income does not exceed £160 a year, and who are therefore exempt by law from all Income Tax: and whether the sums thus deducted will now be returned to such investors?
§ The CHANCELLOR of the EXCHEQUER (Mr. Lloyd George)The answer to the first part of the question is in the negative, and consequently there is no necessity for the course suggested in the second part.
§ 22. Mr. JAMES MASONasked the Chancellor of the Exchequer whether Income Tax is deducted from the investments made by small investors whose total income does not exceed £160 a year through the Post Office Savings Bank; and, if so, are any steps taken to return to such person the Income Tax so deducted; and will he state what means are taken to make such investors aware that they are not liable to pay any Income Tax whatever, and of the means whereby they may recover any sums deducted for Income Tax?
§ Mr. LLOYD GEORGEThe answer to the first part of the question is in the negative. The second and third parts do not, therefore, arise.