§ 62. Mr. Stourtonasked the Chancellor of the Exchequer on what authority directors of Government-controlled corporations receive a substantial part of their remuneration free of Income Tax.
§ Sir J. AndersonThe same rules of the Income Tax law apply, and are applied, to directors of Government-controlled corporations as to other company directors. No part of their remuneration is exempt from tax. If my hon. Friend has in mind the position of an expenses allowance paid in addition to ordinary remuneration, I can only say that the question whether, and to what extent, such an allowance represents taxable remuneration depends on the facts of the individual case, and in particular on the consideration whether the performance of the duties of the office necessitates the expenditure covered by the allowance.
§ Mr. StokesDoes the right hon. Gentleman not think that the whole practice of expenses allowances is thoroughly pernicious and ought to be abolished?
§ Mr. SpeakerThat is a matter of opinion entirely.