§ 29. Mr. FELLasked the Chancellor of the Exchequer if it is with his authority that the Inland Revenue authorities are sending to the House of Commons forms relating to Income Tax Returns, which have in the past been sent to Members at their private addresses, and why this change has been made?
§ Mr. LLOYD GEORGEI am not aware that any change has been made in the practice under which Income Tax Return Forms in respect of salaries of Members have always been sent to Members at the House of Commons, and not to their private addresses.
§ Mr. FELLMay I hand to the right, hon. Gentleman a notice which I have in my locker—one which I have never received before?
§ 30. Sir C. KINLOCH-COOKEasked the Chancellor of the Exchequer whether it is intended to class foreign income as statutory income, and so make foreign income liable to Super-tax?
§ Mr. LLOYD GEORGEThe answer is in the affirmative.
§ 31 and 33. Sir C. KINLOCH-COOKEasked the Chancellor of the Exchequer (1) whether it is intended to tax coupons or income sent abroad and the income arising from their investment abroad; whether it is proposed to include for taxation purposes in this country income arising from securities held abroad not being the result of coupons or income sent abroad or from their investment abroad; and (2) whether in making an Income Tax declaration relative to investments abroad the person making that declaration will be entitled to deduct expenditure incurred abroad while travelling, or in any other way incurred on real estate abroad on which Income Tax has been paid in the country where that real estate is situated?
§ Mr. LLOYD GEORGEThe points raised in these questions will be dealt with in the Finance Bill, and I must ask the hon. Member to wait until the Bill is circulated, which will be in a few days.
§ 40. Mr. C. BATHURSTasked the Chancellor of the Exchequer whether, in reckoning the amount payable as 1099 Super-tax, the rate chargeable upon the last £1,000 of a man's income will be payable upon his whole income in excess of £2,500, or whether a different rate will be charged in respect of each additional £1,000 above the said sum?
§ Mr. LLOYD GEORGEThe hon. Member will see from the terms of the Resolution that a different rate is charged in respect of the first £500 in excess of £2,500, and in respect of each additional £1,000 until the maximum rate is reached.
§ Mr. C. BATHURSTIs the right hon. Gentleman aware that the statement in the White Paper has led to considerable doubt about its exact meaning?
§ Mr. LLOYD GEORGEI will look into it.