§ 9. "That—
- (a) the rates of twelve and a half per cent., seven and a half per cent. and three per cent. mentioned in Sections thirty, thirty-six and forty-two of the Finance Act, 1947, shall be raised to twenty-five per cent., fifteen per cent. and six per cent., respectively;
- (b) interest at three per cent. per annum shall be payable on unpaid profits tax;
- (c) the said interest and any interest payable on income tax (including surtax) or excess profits tax shall not be deducted in computing profits or losses for the purposes of the profits tax;
- (d) the preceding provisions of this Resolution shall be deemed always to have had effect, except that interest shall in no case begin to run before the first day of January, nineteen hundred and forty-eight;
- (e) half only of the advertising expenses which would otherwise be allowable shall be allowed to be deducted in computing the profits or the losses of a trade or business, for any chargeable accounting period ending after the twelfth day of November, nineteen hundred and forty-seven, for any of the purposes of the enactments relating to the profits tax;
- (f) any Act of the present Session giving effect to this Resolution may contain provisions consequential on or incidental to any of the preceding provisions of this Resolution."