HC Deb 03 August 1943 vol 391 cc2083-4
53. Mr. Pethick-Lawrence

asked the Chancellor of the Exchequer whether he has any statement to make regarding the payment by small employers of the Income Tax deducted from the wages of their employees to the Exchequer at intervals less frequent than once a month?

Sir K. Wood

Yes, Sir. The present practice is to accept quarterly, instead of monthly, payment of Income Tax deducted from employees' remuneration where the total amount of tax deductible by the employer does not exceed £1 a month. It has now been decided to increase this figure to £5. In addition collectors of taxes will accept quarterly, instead of monthly, payment in any case where there is only one employee from whose remuneration the employer has been required to deduct tax, irrespective of the amount of tax involved, provided the collector is satisfied that the quarterly payments will be made promptly.

Mr. Pethick-Lawrence

In regard to the question of satisfaction on the part of the Inland Revenue, I suppose it will be open to an employer to pay quarterly in advance, if he wishes?

Sir K. Wood

Yes, Sir. I will look into that point, although I do not think we have had any indication that employers would desire it.