HC Deb 07 April 1941 vol 370 c1334

Resolved, That the extent and incidence of Excess Profits Tax (for past and future chargeable accounting periods) shall be varied so as to give effect: —

  1. (a)to amendments as to standard profits and the computation of capital, the computation of profits and losses, successions and amalgamations, the avoidance of tax, inter connected companies, chargeable accounting periods falling partly before and partly after the end of March, nineteen hundred and forty, the relief to be given for deficiencies of profits and the relief to be given for Excess Profits Tax in parts of His Majesty's dominions outside the United Kingdom;
  2. (b)to provisions relating to arrangements for concentrating industry or business in the hands of fewer persons; and
  3. (c)to provisions enabling persons liable to the tax to recover tax from persons who have received payments for services which have been disallowed under Section thirty-two of the Finance Act, 1940."