HC Deb 23 March 1926 vol 193 c1027

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?


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.