§ 37. Mr. H. WILLIAMS
asked the Chancellor of the Exchequer the receipts and repayments of Excess Profits Duty and Munitions Levy during the present financial year to date; and the amount of arrears still outstanding and the amount thereof likely to be realised?
§ The CHANCELLOR of the EXCHEQUER (Mr. Churchill)
The gross receipt of Excess Profits Duty and Munitions Levy from the 1st April to 31st October, 1927, was, approximately, £3,244,000 and the repayments were £3,187,000, leaving a net receipt of about £57,000. I regret I am unable to furnish any estimate of the arrears of tax remaining to be collected.