HC Deb 01 March 1926 vol 192 cc1042-3W

asked the Chancellor of the Exchequer whether any income tax was paid on any portion of co-operative societies' profits in 1924–25; and whether he will consider the demand for legislation to bring such societies into equal competitive conditions with other trading concerns?


The answer to the first part of the question is in the affirmative. I would refer my hon. Friend to the reply which my right hon. Friend the Chancellor of the Exchequer gave on this subject to the hon. Member for Dulwich (Sir F. Hall) on the 1st December. I am sending my hon. Friend a copy of the questions and the replies, from which he will see that the position of cooperative societies in relation to the Income Tax is receiving the consideration of my right hon. Friend.