57. Mr. T. THOMSONasked the Chancellor of the Exchequer what was the total amount of Excess Profits Duty outstanding on 31st March, 1922; how much of it was due on 31st March, 1921; and how much was due prior to that date and, if any, since what period?
§ Sir R. HORNEThe approximate amount of unpaid Excess Profits Duty (including Munitions Levy) in assessment, less sums shown due to be remitted, on the 31st March, 1922, was £296,000,000. Of this amount it is estimated that approximately 40 per cent. relates to assessments made in 1921–22, 35 per cent. to assessments made in 1920–21, and the balance to assessments made in prior years. It will be understood that these arrears do not represent finally ascer- 232 tained liabilities. Considerable sums, especially as regards the earlier assessments, are subject to adjustment on appeal or otherwise, and it is anticipated that the duty to be ultimately received by the Exchequer will fall short of the amount in assessment.