HC Deb 06 July 1916 vol 83 cc1667-8
63. Mr. WATT

asked the Chancellor of the Exchequer whether he is aware of the great difficulty experienced by many people in the country who hold stocks in the names of stockbrokers and bankers in getting back from his Department the Income Tax payments deducted at the source on the dividends of such stocks; whether he is aware that such dividends seldom since the War pay interest on the loans against them, and that there is therefore no profit on 4e stock on which Income Tax is exigible; and whether he will facilitate repayment in such cases?


I am informed by the Commissioners of Inland Revenue that every effort is being made to accelerate the repayment of Income Tax authorised by law.


Why should Members of Parliament have preference for their constituents who bring cases for these repayments?


Anybody who brings forward a special case will have the matter inquired into at once.

64. Sir G. TOULMIN

asked the Chancellor of the Exchequer whether an annual allowance paid to an officer for the loss of a limb which loss decreases his earning power is, for the purposes of Income Tax, earned?


The answer is in the affirmative.