§ 57. Mr. Hannahasked the Chancellor of the Exchequer the attitude of the Government towards payment of Excess Profits Tax in cases where it is imposible to find the money at the time it is due without seriously restricting such stocking up of lubricating oils or other commodities needed in the war effort as is recommended by the Petroleum Department; 524 and can arrangements be made for delayed payments to the Revenue where this can be proved to be necessary?
§ Sir K. WoodIt is important, in the national interest, that Excess Profits Tax should be paid when it becomes due, and that concerns should take all possible steps to ensure that they are in a position to meet their liabilities. I am afraid, therefore, I could not agree that the holding of stocks to which my hon. Friend refers should be regarded in itself as warranting a deferment of collection of any Excess Profits Tax that may be due.
§ Mr. HannahIf I send particulars of any special cases of hardship, will they be considered?
§ Sir K. WoodCertainly.