§ 54. Mr. Errollasked the Chancellor of the Exchequer to what extent he permits the expenses incurred by private individuals performing unpaid services for the Government to be allowed, for taxation purposes, as an expense in any business with which the individual may be connected.
§ The Financial Secretary to the Treasury (Mr. Glenvil Hall)In computing the profits of a business for Income Tax purposes, no sum is permitted to be deducted which is not wholly and exclusively expended for the purposes of the business.