HC Deb 30 June 1927 vol 208 cc756-7

Motion made, and Question proposed, "That the Clause stand part of the Bill."


Are there any new powers being taken under this Clause? I should like to have a word, if new powers are being taken under it.


There are no new powers.


What do the words "shall be extended'' mean? I have heard it suggested that in future the details given for preparation of Income Tax, instead of, as at present, being that income from investments comes to so much, will, under the powers being obtained here, have to include particulars in regard to investments. I understand that this is to give greater powers to the Income Tax Commissioners.


It makes no difference whatever. The only object of this Clause is, not to expand the powers, but to enable the system of one man one return to be adopted, and to provide the necessary machinery to give effect to that important simplification. We are not in any way altering the existing powers to obtain the return of income from all sources which are possessed by the Income Tax authorities, but are only regrouping and redisposing of them in such a way as to facilitate the proceedings.

Clauses 41 (Special provisions as to returns in connection with sur-tax, etc.), 42 (Basis of assessment for Schedule E, etc.), 43 (Minor amendments), and 44 (Construction and commencement of Part III and repeals) ordered to stand part of the Bill.