HC Deb 10 June 1943 vol 390 cc866-7W
Major Conant

asked the Chancellor of the Exchequer whether, to clear up misapprehensions which exist, he will repeat his assurance that arrangements for the repayment of credits in respect of Excess Profits Tax and Income Tax will be honoured after the war?

Sir K. Wood

I do not think that there should be any misapprehension in this matter. These post-war credits have been provided by Section 37 of the Finance Act, 1942, and Section 7 of the Finance Act, 1941, and taxpayers have a statutory right to payment of them after the war, subject only, in the case of the E.P.T. credits, to their not being used for distribution to shareholders by payment of dividends or otherwise.