CORPORATION PROFITS TAX.

HC Deb 16 November 1925 vol 188 cc21-2

37. Mr. CLARRY for

asked the Chancellor of the Exchequer the amounts of arrears of Corporation Profits Tax now outstanding?

Mr. CHURCHILL

The approximate amount of Corporation Profits Tax in assessment (less arrears shown due to be remitted) at 31st October, 1925, was £13,500,000. The sum ultimately to be received by the Exchequer is. however, likely to fall substantially short of this figure.

Mr. W. THORNE

What means is the right hon. Gentleman taking to obtain this money?

Mr. CHURCHILL

Every means which can suggest itself to the ingenuity of the Department, which is not usually accused of lacking in that respect.

Mr. THORNE

Does the right hon. Gentleman intend taking any legal action to enforce these payments?

Mr. CHURCHILL

The rights of the Crown will be enforced, so far as practicable, by whatever procedure may be necessary.