§ 6. Mr. Ridleyasked the Chancellor of the Exchequer whether he will introduce legislation to provide that fines for parking offences are not expenses deductible for taxation purposes.
§ Mr. Boyd-CarpenterNo, Sir. Fines imposed on a taxpayer for such breaches of the law are not deductible as expenses in computing his income for tax purposes.
§ Mr. RidleyIs my right hon. Friend aware that I am very grateful for that decision? In some cases there are two standards developing, one for what the individual can afford and another for what companies can afford. Will he ensure that expenses are reduced to a minimum?
§ Mr. Boyd-CarpenterI am grateful to my hon. Friend, but his gratitude is really at least as much due to the courts whose decision is to the effect that I have already announced.