HC Deb 26 April 1955 vol 540 cc42-3W
Sir A. Bossom

asked the Chancellor of the Exchequer, as farm profits unavoidably vary from year to year due to the effect of the weather, which is quite beyond the farmers' control, if he will consider assessing farmers' tax liability on profits under Schedule D on a three-yearly instead of a one-yearly basis.

Mr. H. Brooke:

The basis of assessment of fluctuating incomes, including farm profits, is one of the matters within the province of the Royal Commission on the Taxation of Profits and Income, and we should, I think, await the Commission's Report.