58. Mr. ALAN SYKESasked whether, when a man is called on to make and makes a return of his income for Super-tax purposes under the new limit it appears that his income exceeds £5,000 per annum, and he has not hitherto paid Super-tax under the old limit, he can be asked to return his income for previous years, and, should it prove to be over £5,000 for previous years, he can be made to pay retrospectively on those years; and, if so, whether at the old rate or the new rate?
§ Mr. LLOYD GEORGEThe Special Commissioners are empowered under Section 72 of the Finance (1909–10) Act, 1910, to call upon any person for a return of his income, and, where liability to Super-tax is found to exist, to make assessments, extending, 440 if need be, to three years past, at the rate of duty applicable in each year. Penalties are also prescribed by Section 72 (4) of the Act for failure to give notice of liability to Super-tax under Section 72 (3).
§ 59. Mr. WORTHINGTON EVANSasked the Chancellor of the Exchequer whether he can estimate how many persons will pay Super-tax at the various rates now fixed, and what amount of tax will be received at each rate?
§ Mr. LLOYD GEORGEI am circulating with the Votes a statement showing the estimated number of persons liable to pay Super-tax under the Budget proposals classified according to the rates of tax in pence in the £ on total income.—[See Written Answers this date.]
§ Mr. WORTHINGTON EVANSWill the statement show the amount expected to be raised in each grade?
§ Mr. LLOYD GEORGEYes, Sir.