HC Deb 01 May 1922 vol 153 c1032

There is also a matter arising out of Corporation Profits Tax with which I must trouble the Committee. It will be in the recollection of the Committee that when the Corporation Profits Tax was introduced there were exempted for a period of three years from its provisions statutory companies, like railway companies, and other public utility undertakings. That period expires on the 31st December of the present year, and since the conditions which led to the exemption being granted are still in existence, I propose that the exemption should be extended for a period of three years.