§ 53. Mr. CASSELasked whether it is proposed to introduce and take all stages of the Bill to deal with the decision in Bowles v. Bank of England before 5th April?
§ The PRIME MINISTERNo, Sir; the necessary legislation will be proposed in a forthcoming Revenue Bill.
§ Mr. CASSELWill it not be the case that after 5th April, according to the express decision of the Courts it will be illegal for banks and trustees and others to make these deductions, and will that not lead to a considerable degree of embarrassment?
§ The PRIME MINISTERThe hon. and learned Gentleman can estimate that for himself. No legislation is possible before 5th April.
§ Mr. BUTCHERHow is it proposed to deal with deductions of the tax from dividends in the interval before the passing of the Finance Bill of the year?
§ The PRIME MINISTERI really do not know. All I say is that legislation is impossible before 5th April.
§ Mr. BUTCHERWill banks be expected to deduct the Income Tax from the dividends in a manner which is declared to be illegal before the passing of the Finance Act?
§ The PRIME MINISTERThe hon. and learned Gentleman must give notice of further questions.