HC Deb 30 April 1913 vol 52 cc1197-8W

asked the Chancellor of the Exchequer if he will give a tabular statement comparing the official estimates of the yield of Super-tax given to the House at the time of its introduction with the actual yield that has been realised?


The yield of the Super-tax was at the time of its introduction estimated at £2,300,000. The actual yield for the year 1909–10, the only year for which full figures are available, is approximately £2,645,000.


asked the Chancellor of the Exchequer whether, while shareholders of a limited company are charged with Super-tax in respect of the amounts actually received by way of dividend in each year and not in respect of sums set aside as reserve, members of a partnership are held liable to Super-tax in respect of their share of the whole profits of the year, including profits not divided but carried to reserve; and, if so, whether he will consider a proposal for putting partners and shareholders in a position of equality in this respect?


The point now brought forward by the hon. and learned Member was the subject of a question put by the hon. Member for Wandsworth on the 31st May, 1911, to which I replied that it was fully considered during the Committee stage of the Finance Bill of 1909; and that I did not consider that any alteration of the law is necessary.