HC Deb 23 March 1926 vol 193 c1027
49. Mr. MACKENZIE LIVINGSTONE

asked the Chancellor of the Exchequer what is the amount of overdue Super-tax; whether interest is charged thereon; and, if so, at what rate and for what period credit is given before interest is charged?

Mr. CHURCHILL

In view of the fact that the main collection of the current year's tax is now proceeding, I am unable without a disproportionate expenditure of time and labour to state the amount of Super-tax at the moment in arrear. Interest is not chargeable in respect of arrears of Income Tax or Super-tax. Were such a claim to be made by the State, it would be difficult to resist a counter-claim from the public in respect of deferred repayments of tax by the Exchequer. As these repayments are in the region of £40,000,000 a year the Exchequer would on the balance be the loser.