HC Deb 21 March 1940 vol 358 c2115
54. Mr. Salt

asked the Chancellor of the Exchequer whether he will consider inserting in the next Finance Bill a Clause to the effect that any commissions paid by a trading concern shall not be allowed as an expense for taxation purposes unless the receiver's name and address is disclosed?

Sir J. Simon

The question whether a particular payment is admissible as a deduction in computing for Income Tax purposes the profits of a trade falls to be determined by reference to the consideration whether, not being of a capital character, it represents expenditure wholly and exclusively incurred for the purposes of the trade. As to the powers of the Revenue to require particulars of commissions paid by a trading concern, I would refer my hon. Friend to Section 19 of the Finance Act, 1939.

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