§ 57. Mr. SMALLWOODasked the Chancellor of the Exchequer whether, in 1530 respect of the large sums deposited by foreigners in British banks and bearing interest for purposes of taxation, bankers are required to give particulars to the authorities of interest paid; and, if not, how the information is obtained for purposes of taxation?
§ Mr. BONAR LAWAll persons are required to account to the Revenue for the Income Tax deductible from annual interest payable by them.