§ 38. Mr. Houghton
asked the Chancellor of the Exchequer whether he is aware of the time and labour involved in making assessments under Income Tax Schedule A on limited companies, merely to eliminate them from the computation under Case I, Schedule D; and what steps he is taking to end this unnecessary work.
§ Mr. Boyd-Carpenter
This matter has been the subject of evidence to the Royal Commission on the Taxation of Profits and Income, and I think I must await its report.