§ 69. Mr. G. Jeger
asked the Chancellor of the Exchequer whether he will make earnings on overtime work exempt from Income Tax.
§ 70. Mr. Osborne
asked the Chancellor of the Exchequer if, in view of the need to increase coal production, he will introduce legislation to make possible as a temporary experiment the payment of all overtime or extra production by the coal face workers free of taxation; and review the experiment at the end of six months in the light of experience.
§ Mr. R. A. Butler
The suggestion that overtime pay should be exempt from tax has been considered on several occasions in the past. It has hitherto proved impossible to find a method which is both fair and practicable. The question is, however, within the terms of reference of the Royal Commission on the Taxation of Profits and Income, to which some evidence has been submitted. I do not underestimate the importance of finding ways and means of encouraging extra effort.