§ 59 Mr. W. R. SMITHasked the Chancellor of the Exchequer whether he has decided to ask for interest to be paid upon any outstanding amounts due for purposes of Excess Profits Tax; and, if so, will he state the amount upon which such interest is to be paid?
§ 63. Mr. LUNNasked the Chancellor of the Exchequer whether the question of imposing interest on outstanding amounts in respect of Excess Profits Duty and Munitions Levy comes within the scope of the Commission on Income Tax; and, if not, whether he will immediately refer this question to a representative Committee so that it can be dealt with in the Finance Bill?
Mr. CHAMBERLAINThe question of charging interest on amounts outstanding in respect of Excess Profits Duty and Munitions Levy is one which is outside the scope of the Royal Commission on the Income Tax. The matter is receiving my careful consideration, but I am not prepared to anticipate any proposals I may have to make on this subject in the course of my forthcoming Budget statement.
§ Mr. SMITHDid not the right hon. Gentleman in his last Budget Statement say that during the year he would consider this question? Has he done so? And will not something be levied in respect of these arrears?
Mr. CHAMBERLAINYes, I said I would consider the question in the light of the experience of the coming year and I have had it under my consideration.