HC Deb 07 March 1934 vol 286 c1814
39. Mr. AMERY

asked the Chancellor of the Exchequer whether he is aware that there are many instances in which industrial undertakings are prevented from securing fresh capital for expansion, which would give employment and yield revenue from profits, by reason of long outstanding liabilities for arrears of Excess Profits Duty which cannot be paid in full; and whether he can give instructions to the Board of Inland Revenue to afford facilities for the early settlement, on fair and reasonable terms, of such liabilities?


I am aware that there many cases of industrial undertakings in which arrears of Excess Profits Duty and interest thereon have been long outstanding. The Board of Inland Revenue are at present engaged in a special review of cases in which payment in full cannot be obtained, and my right hon. Friend can rest assured that any offers for an early settlement of these liabilities on a fair and reasonable basis will be very carefully considered.