§ 41. Mr. Croninasked the Chancellor of the Exchequer if he will arrange for statistical records to be kept of the different types of personal expenses which the Board of Inland Revenue accept as deductible from corporate profits and personal incomes for the purpose of taxation assessments.
Mr. AmoryNo, Sir. I do not consider the value of such records would be worth the cost of compiling them.
§ Mr. CroninIs the Chancellor aware how disappointing his Answer is? Is not it the case that excessive personal expenses are a very large source of lost revenue and fiscal inequality? Would not it, therefore, be desirable to have a careful investigation of the matter?
Mr. AmoryI am sure that if the hon. Member realised what a gigantic task he is asking to be carried out, he would agree with what I have said.