§
Motion made, and Question,
13.That, subject to an exception in the interests of
the export trade, expenses incurred on or after 7th April
1965 in respect of business entertaining (including
hospitality of any kind and gifts) shall not be deducted in
computing an), profits or gains or any emoluments
chargeable to income tax and shall not be included in
computing any expenses of management in respect of
which relief may be claimed under the Income Tax Acts
and that provision be made for restricting capital
allowances under those Acts in respect of assets used for
such entertaining.—[Mr.
Callaghan.]
§ put and agreed to.