HC Deb 23 July 1940 vol 363 cc667-8

Resolved, That the law relating to excess profits tax be amended (as respects all chargeable accounting periods) so as—

  1. (a) to disallow deductions in certain cases in respect of interest, annuities and annual payments, and in respect of payments under certain contracts or arrangements relating to indemnification in respect of war damage;
  2. (b) to make special provision as to the standard profits of certain trades and businesses."