HC Deb 11 April 1967 vol 744 cc1019-20

Motion made, and Question,

17. That charges to corporation tax and income tax, including charges for past accounting periods and years of assessment, may be imposed by amendments of the Corporation Tax Acts relating to—

  1. (a) the amount of investment income in respect of which a company carrying on life 1020 assurance business is entitled to repayment (including set-off) of tax, and the amount of any relief from tax which may be given to such a company in respect of its expenses of management,
  2. (b) close companies,
  3. (c) companies which are wound up,
  4. (d) payments by members of a group of companies to other members, including provision, as part of proposals for new reliefs from corporation tax for members of groups of companies, for the repeal of section 20 of the Finance Act of 1953,
  5. (e) the collection of income tax on payments made by companies and on all company distributions, and other matters dealt with in Schedule 12 to the Finance Act 1965,
and that further provision may be made as to the payment of interest, for periods beginning on or after 19th November 1966, on income tax payable under the said Schedule 12.—[Mr. Callaghan.]

put and agreed to.