Sugar Board (Taxation)

HC Deb 11 November 1958 vol 595 c182

31. Mr. Willey

asked the Chancellor of the Exchequer whether he will take action to remove the liability to tax which arises on any surplus on the accounts of the Sugar Board.

Mr. Amory

No, Sir. Public corporations which carry on trading activities are subject to the same general system of taxation as other trading concerns.

Mr. Willey

As this anomaly may affect the policy of the Board, will the Chancellor, as the author of the Sugar Act, look at this again to see whether it would be better to avoid such an anomaly?

Mr. Amory

As the hon. Gentleman knows, the matter was considered carefully at the time when the legislation went through this House. Nothing that has happened since causes me to think that the decision made at that time was wrong.