HC Deb 13 March 1917 vol 91 c901

asked whether it is intended to remit the whole or part of the English Excess Profits Duty in the case of a company registered in this country but trading only in an Allied country and already charged with an Excess Profits Duty by the Allied Government?

Mr. BALDWIN (Lord of the Treasury)

In computing profits for the purposes of Excess Profits Duty a deduction is allowed for any payment in respect of the profits on account of any Excess Profits Duty or similar duty imposed by an Allied Government.