§ 43. Mr. CASSELasked the total amount of dividends and interests on public stocks accrued on and since the 6th April of this year from which the Bank of England, in the absence of an Act of Parliament imposing it and of the assent to the deduction of the person entitled, have not deducted Income Tax; the total amount of the Income Tax which the Bank has thus abstained from deducting; and how it is 2032 proposed to recover the non-deducted Income Tax from foreign holders resident and domiciled out of the United Kingdom?
§ Mr. LLOYD GEORGEDuring the period referred to, Income Tax has been deducted by the Bank of England from all dividends and interest paid, with the exception of a sum of £21 8s. 8d. from coupons amounting to £367 8s. 9d. I am informed that no portion of this amount belongs to foreign holders resident and domiciled out of the United Kingdom.