HC Deb 17 February 1926 vol 191 c1946W
Sir A. KNOX

asked the Chancellor of the Exchequer if he is aware of the wish of many Income Tax payers that the method of assessment of the profits of commercial undertakings under Schedule U and of employes under Schedule E should be altered from the present bases to that of the previous year so as to attain general uniformity, seeing that, if this simplification were adopted, it would be possible to introduce one tax based upon a single return of the income of the previous year to replace the present system of assessing Income Tax and Super-tax separately?

Mr. McNEILL

This matter is engaging the attention of my right hon. Friend the Chancellor of the Exchequer, but he is unable to make any statement thereon at the present time.