§ 15. Mr. Donald Williamsasked the Chancellor of the Exchequer how many cases were settled by the General Commissioners and by the Special Commissioners in 1967 and 1968 in respect of the amount payable to directors and allowable for corporation tax purposes in respect of management and investment companies.
§ Mr. DiamondAppeals in respect of relief for management expenses by management and investment companies lie only to the Special Commissioners. The number of such cases settled by the Special Commissioners in 1967 and 1968 is not readily available.
§ Mr. WilliamsWould not the Chief Secretary agree that this is a function of evaluating awards, and would it not be more appropriately sent to the Prices and Incomes Board or to the Department of Employment and Productivity rather than to the Special Commissioners?
§ Mr. DiamondNo, I would not. I do not see the relevance of that. This is a matter of what expenses are appropriately deductible for tax purposes.