HC Deb 30 June 1955 vol 543 cc478-9
11. Mr. G. Darling

asked the Chancellor of the Exchequer what assistance the Inland Revenue is prepared to offer to firms which introduce profit-sharing schemes; and what conditions will be laid down for firms to qualify for such assistance.

Mr. H. Brooke

The Department is prepared to advise on the taxation consequences of the firm's proposals, and the advice is available to any firm that wishes to bring in a scheme to help its workers.

Mr. Darling

So the Government will, in fact, give approval to schemes, even in cases where the employers are not observing industrial agreements; and the Treasury does not intend to lay down any conditions or definitions whatever in respect of these schemes?

Mr. Brooke

I am simply speaking of the assistance that the Inland Revenue will be prepared to give, on my right hon. Friend's instructions, to people who ask them about the taxation implications of their schemes.