§ 53. Mr. STEPHENasked the Chancellor of the Exchequer the receipts and repayments of Excess Profits Duty and Munitions Levy during the present financial year to date; the amount of arrears still outstanding; and the amount thereof likely to be realised?
Mr. SAMUELThe gross receipts of Excess Profits Duty and Munitions Levy from 1st April, 1927, to 17th March, 1928, was approximately £5,460,000. The repayments were £5,468,000. This shows a nett outgoing at that date amounting to £8,000. I am unable to furnish any estimate of the arrears remaining to be collected or of the amounts to be repaid.