HC Deb 28 March 1922 vol 152 cc1136-7
63. Sir GODFREY COLLINS

asked the Chancellor of the Exchequer the amount of revenue received from the Income Tax which is collected from securities yielding a fixed rate of interest for 1920–21, according to the Income Tax assessments; and what percentage does this figure bear to the total Income Tax received for the year?

Sir R. HORNE

The information sought is not available. The hon. Member will appreciate that in the case of the majority of securities of the class referred to, Income Tax is deducted at the source, and an inquiry as to the net amount received by the Exchequer after provision is made for repayments due could not be successfully carried out.