HC Deb 11 March 1952 vol 497 c1321

Resolved, That it is expedient to authorise such increases in the profits tax payable by any person for any past, current or future chargeable accounting periods as may result from amending the law relating to the computation of profits or gains or losses for income tax or profits tax purposes or the law relating to allowances, deductions or charges for income tax purposes which affect the profits tax, from extending any enactment affecting the profits tax, with or without modifications, to any excess profits levy provided for by any Act of the present session, from dividing chargeable accounting periods and from raising the limit on the amounts which Lloyd's and other underwriters may pay into special reserve funds.