§ 68. Mr. GLOSSOP
asked the Chancellor of the Exchequer if he will state the amount of Income Tax received for each year during the past five years from brewery companies in England; and whether he can make an estimate of similar receipts for the current year?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hore-Belisha)
I regret I am not in a position to furnish the information desired by my hon. Friend, as the produce of the Income Tax is not earmarked so as to show how much arises in respect of particular industries.
§ Mr. GLOSSOP
Will the Chancellor of the Exchequer obtain those figures before making his arrangements for the Budget?
§ Mr. HORE-BELISHA
I do not think it is possible, because it is the shareholders who are liable to Income Tax and not the company.
§ Sir W. DAVISON
Is the hon. Gentleman aware that the Chancellor of the Exchequer informed the House that he would lose£10,000,000 if this increased Beer Duty was taken off? Can he say whether that£10,000,000 is likely to be realised?