§ 52. Sir Irving Alberyasked the Chancellor of the Exchequer whether he now intends to introduce legislation limiting Contracts involving payments free of tax?
§ Sir K. WoodI have had this matter under consideration following many representations which I have received regarding the inequity resulting from 32 carrying out, at the increased rates of tax now prevailing, arrangements entered into before the war to make payments free of tax, and I have decided to make provision in the Finance Bill to deal with the matter. I hope to put down to-morrow a Resolution and Clauses setting out my proposals.
§ Sir I. AlberyDoes my right hon. Friend remember that his attention was drawn to this matter by Question some time ago? I am glad to note that he has now changed his views.
§ Sir K. WoodI am very much indebted to my hon. Friend for what he has said, but I have not changed my views.
§ Sir H. WilliamsWill the proposal involve a Financial Resolution or new Clauses?
§ Sir K. WoodI said that I hoped to put down to-morrow a Resolution and Clauses.