HC Deb 23 October 1945 vol 414 cc1904-5

Resolved: That Section twenty-five of the Finance Act, 1941 (which contains provisions as to certain tax-free annuities, etc., applicable only when the standard rate is ten shillings in the pound) shall be applied, with modifications, to all years for which the standard rate of income tax exceeds five shillings and sixpence in the pound.