CORPORATION PROFITS TAX (ARREARS).

HC Deb 06 December 1926 vol 200 c1663

54. Mr. H. WILLIAMS

asked the Chancellor of the Exchequer if he can state the unpaid arrears of Corporation Profits Tax now outstanding?

Mr. McNEILL

The approximate amount of Corporation Profits Tax in assessment but unpaid at 30th November, 1926, was £10,500,000. These arrears are in many cases subject to reduction on appeal or otherwise, and represent, therefore, a higher figure than will ultimately be collected.

Colonel WOODCOCK

Can the right hon. Gentleman say what amount of this £10,500,000 the Treasury anticipate they will get?

Mr. McNEILL

No, Sir; I cannot say that.