HC Deb 28 June 1962 vol 661 cc1529-30

[27th June]

INCOME TAX AND PROFITS TAX (GAS COUNCIL AND AREA BOARDS)

Resolution reported, That provision shall be made for charging the Gas Council to income tax and the profits tax as if it were carrying on a trade or business, and as if the trades or businesses of Area Boards within the meaning of the Gas Act, 1948, formed part of that trade or business, and for matters arising out of or connected with the provision so made.

Resolution read a Second time.

Question, That this House doth agree with the Committee in the said Resolution, put forthwith, pursuant to Standing Order No. 86 (Ways and Means Motions and Resolutions), and agreed to.

Instruction to any Committee to whom the Finance Bill may be re-committed that they have power to make provision therein pursuant to the said Resolution.