§ 34. Sir JOHN POWERasked the Chancellor of the Exchequer whether he can furnish an estimate of the amount of income tax assessed on co-operative societies during the last financial year?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)It is estimated that the income tax payable by industrial and provident societies for the year 1934–35 amounted to £1,100,000, including the tax payable under Schedules A and B as well as the additional tax imposed under the provisions of the Finance Act, 1933.