CORPORATION PROFITS TAX AND EXCESS PROFITS DUTY.

HC Deb 02 June 1930 vol 239 cc1786-7W

Mr. DAY

asked the Chancellor of the Exchequer the gross amount of Corporation Profits Tax and Excess Profits Duty in assessment but still unpaid as at the last convenient date?

Mr. P. SNOWDEN

The gross amount of Corporation Profits Tax in assessment but unpaid at 31st March, 1930, was approximately £3,340,000, and the gross amount of Excess Profits Duty in assessment but unpaid at that date about £50,000,000. These figures cannot be taken as representing the amount of these duties remaining to be collected, which will, particularly in the case of Excess Profits Duty, fall far short of the duty in assessment by reason of reductions and discharges due to be made.