HC Deb 14 April 1953 vol 514 cc69-70

23. Profits tax (miscellaneous charges)

Resolved. That it is expedient to authorise all such charges to the profits tax (including charges for past chargeable accounting periods) as may result—

  1. (a) from amendments of the law relating to the computation of profits or gains or losses for income tax purposes or to allow- 70 ances, deductions or charges for income tax purposes;
  2. (b) from the inclusion of the Scilly Isles in an income tax division;
  3. (c) from any provision as to the treatment for taxation purposes of overseas profits or income not freely remittable to the United Kingdom (including profits or income chargeable to income tax for the year 1952–53 or to the profits tax or the excess profits levy for a past chargeable accounting period);
  4. (d) from the repeal of proviso (a) to subsection (2) of section three hundred and forty-eight of the Income Tax Act, 1952, or of paragraph 2 of Part II of the Seventeenth Schedule to that Act, or from the repeal applying to past profits for purposes of the profits tax or the excess profits levy where it applies to them for the purposes of income tax;
  5. (e) from any provision enabling a person claiming double taxation relief in respect of income tax, the profits tax or the excess profits levy to postpone the whole or part of any capital allowances.