Tax Reserve Certificates(Interest)

HC Deb 11 April 1946 vol 421 c339W

Mr. Mayhew

asked the Chancellor of the Exchequer whether he proposes to make any change in the terms of issue of Tax Reserve Certificates.

Mr. Dalton:

Yes, Sir. Tax Reserve Certificates issued on or after 15th April, 1946, will carry interest, when tendered in payment of tax, at the rate of ¼ of 1 per cent. per annum tax free instead of 1 per cent per annum tax free. In all other respects the terms of the Certificates will remain unchanged.