HC Deb 21 September 1915 vol 74 c434

28. Resolved, That in estimating for assessment under Schedule D of the Income Tax Acts the amount of the profits and gains of any banker no deduction shall be allowed from the profits or gains of any year of any interest paid or credited to any customer or other person, but the banker shall be allowed to deduct and retain out of any interest so paid or credited the amount of Income Tax on such interest.—[The Chancellor of the Exchequer.]