HC Deb 22 February 1922 vol 150 c1924W

asked the Chancellor of the Exchequer whether the estimated receipts of £30,000,000 from the Corporation Profits Tax will be realised; and, if not, to what causes he attributes the deficiency?


The amount of Corporation Profits Tax assessed for the year 1921–22 approximates closely to £30,000,000, but owing to the exceptional industrial and financial conditions now prevailing it is probable that the receipt during the year will fall very substantially short of the assessment.