§ 36. Mr. GODFREY LOCKER-LAMPSONasked the Chancellor of the Exchequer whether there will be any time limit within which persons must claim the repayment of the excess Income Tax; and whether the time limit laid down by Section 10 of the Income Tax Act, 1860, will apply as in all ordinary claims for repayment?
§ Mr. LLOYD GEORGEI am advised that the answers to both parts of the question are in the negative.
§ Mr. G. LOCKER-LAMPSONWill there be any time limit in the case of persons resident abroad and having income from foreign and Colonial Government securities, where the dividends are paid over here?
§ Mr. LLOYD GEORGEI should not like to say off-hand. It appears to me that the time is not provided in this particular Clause
§ 37 Mr. CASSELasked the Chancellor of the Exchequer what would be the total loss to the revenue if the incomes of husband and wife below £700 were treated as separate for the purpose of Income Tax?
§ Mr. LLOYD GEORGEThe loss is estimated at about £500,000, not taking into account the loss which would arise from the transfer of income from husbands to wives for the purpose of avoiding taxation.
§ 38. Mr. BRIDGEMANasked the Chancellor of the Exchequer, if he can see his way to simplify the forms under which owners of land can claim relief from Income Tax, Schedule A, under Section 69 of the Finance (1909–10) Act, 1910, and under Clause 8 of the Finance Bill of this year?
§ Mr. LLOYD GEORGEI regret that it is not possible to simplify the forms in question, the information asked for being the minimum necessary for computing the amount of the repayment.
§ Mr. BRIDGEMANIf I can show any official that part of the form is superfluous, will the right hon. Gentleman reconsider it?
§ Mr. LLOYD GEORGECertainly. I shall be very glad to go into the matter with the hon. Gentleman and the official. I am very anxious that this should work properly. It is a very admirable proposal as regards landowners who do spend money on this property.