§ 9. Mr. GODFREY LOCKER-LAMPSONasked under what Act and Section of the Income Tax Acts the concession of average is made to some employés of limited liability companies?
§ Mr. LLOYD GEORGEIt is open to question whether subordinate employés of limited liability companies should not be assessed under Schedule D, in which case they would be legally entitled to the benefit of the average. In these circumstances the Commissioners of Inland Revenue have not objected to the application of the average under Schedule E where the District Commissioners see fit to grant it. I may add that the practice has been in force for forty years.
§ Mr. G. LOCKER-LAMPSONThen there is no statutory authority?
§ 80. Mr. GODFREY LOCKER-LAMPSONasked whether the present staff in the repayments branch will deal with the claims in respect of the excess Income Tax; whether it will be necessary to increase the staff in any way; and whether any estimate has been made of the cost of dealing with the additional claims resulting from the reduction of the rate of Income Tax?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Montagu)The answer to the first part of the question is in the affirmative, and to the second and third parts in the negative.