HC Deb 16 February 1922 vol 150 c1211
61. Sir C. OMAN

asked the Chancellor of the Exchequer whether it, is with his sanction that the local Inland Revenue authorities at Oxford are making demands for payments under the Corporation Profits Tax from St. Hugh's College and other women's colleges in Oxford University, which are associations formed as limited companies but licensed by the Board of Trade to be registered with limited liability without the addition to their names of the word limited, such colleges being associations purely devoted to higher education and paying no dividends to their members?


The Corporation Profits Tax is imposed upon the profits of a company carrying on any trade or business or any undertaking of a similar character, where the liability of the members is limited. The tax is not limited in its conception to those cases in which the profits are distributed to the members; and in so far as the institutions to which my hon. Friend refers enjoy the privilege of limited liability, they are properly subject to the Corporation Profits Tax.


Then this taxation of education was done deliberately, and it is not a case of mis-wording as was wrongly supposed by the heads of colleges?


I have replied to the question.

Viscountess ASTOR

But was it done deliberately?