§ Mr. REMERasked the Chancellor of the Exchequer whether it is the general practice of the Income Tax authorities to refuse to allow contributions towards the cost of an application for safeguarding under the Board of Trade White Paper to be deducted as trade expenses on Income Tax statements; and, if so, whether he can state the grounds for such refusal?
§ Mr. McNEILLThe Inland Revenue authorities are advised that the expenditure to which my hon. Friend refers is of the nature of capital outlay, and therefore not admissible as a deduction for Income Tax purposes.