HC Deb 27 April 1920 vol 128 cc1080-1

"20. That—

  1. (a) Excess Profits Duty under Part III. of the Finance (No. 2) Act, 1915, as amended or extended by any subsequent enactment, shall, unless Parliament otherwise determines, be charged for any accounting period 1081 ending on or after the fifth day of August, nineteen hundred and twenty, and before the fifth day of August, nineteen hundred and twenty-one; and
  2. (b) Excess Profits Duty shall be an amount equal to sixty per centum instead of forty per centum of the excess profits for any accounting period commencing on or after the first day of January, nineteen hundred and twenty, or, in the case of an accounting period which has commenced before that date but ends after that date, sixty per centum instead of forty per centum of so much of the excess profits as are apportioned to the part of the period commencing on that date; and
  3. (c) the Excess Mineral Rights Duty under Section Forty-three of the Finance (No. 2) Act, 1915, as amended or extended by any subsequent enactment shall be an amount equal to sixty per centum instead of forty per centum of the excess rent for any accounting year commencing on or after the first day of January, nineteen hundred and twenty, or in the case of an accounting year which has commenced before that date but ends after that date sixty per centum instead of forty per centum of so much of the excess rent as is apportioned to the part of the year commencing on that date."