Excess Profits Tax

HC Deb 10 October 1944 vol 403 c1567

58. Mr. Kendall

asked the Chancellor of the Exchequer whether, with a view to assisting British trade recovery, he will consider a readjustment of the Excess Profits Tax.

Sir J. Anderson

Questions relating to changes in taxation are proper for discussion on the Finance Bill and I am unable to anticipate my Budget Statement.

Mr. Kendall

Is the Chancellor of the Exchequer aware that, unless some hundreds of small firms, especially those firms which started business after 1938, get some E.P.T. relief, they will have to go out of business, with the subsequent result that thousands of workers will be unemployed? And will he consider this question one of great urgency?

Sir J. Anderson

These are all matters for consideration in due course.