EXCESS PROFITS DUTY.

HC Deb 10 June 1920 vol 130 c605

66. Major KELLY

asked the Chancellor of the Exchequer if he will state the amount of Excess Profits Duty not yet paid for the year 1918?

Mr. BALDWIN

I would refer my hon. and gallant Friend to the answer given to the hon. Member for Pontefract (Mr. Forrest) on the 20th of May.

Major KELLY

Will every facility be given to firms who have not paid Excess Profits Duty for 1918 to allow them to retain it as long as it helps them to develop their business?

Colonel WEDGWOOD

May I ask whether in that case they will be charged interest on the overdue amount?

Mr. BALDWIN

I do not think that case is likely to arise.

Captain TERRELL

Is the right hon. Gentleman aware that a large number of firms who owe Excess Profits Duty are unable to find the money to pay it with?

Mr. BALDWIN

I think that is extremely probable.