HC Deb 08 December 1953 vol 521 cc201-2W
55. Mr. Gower

asked the Chancellor Of the Exchequer in what circumstances and under what conditions post-war credits are accepted in payment of tax obligations; and what proposals he has for extending this procedure.

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 the 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.

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