§ Mr. YOUNGERasked the Chancellor of the Exchequer whether his attention has been drawn to the inequality of the incidence of Income Tax as between persons who receive their emoluments from limited liability companies or corporate bodies, and persons who receive them from individual employers; whether he is aware that a person coming within the first category is held by the Commissioners of Inland Revenue to be precluded from assessment on the three years' average, while a person coming within the second category and receiving precisely similar emolument to that of the person referred to in the first is not so precluded; and whether he will include a provision in the Revenue Bill to remove this inequality as between one taxpayer and another?
§ Mr. LLOYD GEORGEThe officials of limited liability companies and corporate bodies are assessable on the salaries accruing to them in the year of assessment under the provisions of Rule 3 of Schedule E, Section 146, of 5 and 6 Vict., Cap. 35. In practice, however, no objection has hitherto been raised where the District Commissioners of Taxes give subordinate officials of such concerns the benefit of the three years' average, thus placing them on the same level as employés of individual employers.