HC Deb 28 September 1915 vol 74 c739W

asked the Chancellor of the Exchequer if he will say, in regard to war profits, whether, in the case of a company entitled to take as its datum line 6 per cent. on the capital employed by the proprietors in their business on 5th April, 1914, such capital is to be deemed to mean share capital paid up and credited as paid up, or share capital as aforesaid plus loans and debentures, or share capital, loans, and debentures plus undivided profits; and whether any deduction from capital is to be made in respect of capital represented by goodwill or intangible assets or capital which has ceased to be represented by assets?


I would ask the hon. Member to await the terms of the Bill, which I cannot anticipate in detail.


asked whether it is intended to include companies engaged in tropical agriculture within the scope of the Excess Profits Tax?


Companies engaged in carrying on business abroad and liable to British Income Tax will come within the scope of the Excess Profits Tax.