§ Mr. R. A. Butler
Post-war credits not yet due for payment cannot in general be accepted in satisfaction of taxation obligations. But under the arrangement referred to in the House on 29th October, 1946, by the right hon. Gentleman the202W Member for Bishop Auckland (Mr. Dalton), the post-war credit for the one year 1945–46 was set off against arrears of tax outstanding under P.A.Y.E. at the end of that year. I do not propose to extend this arrangement.
In the special case of a bankrupt person, his post-war credits may fall to be set off under the bankruptcy law against tax due from him.