HC Deb 03 May 1956 vol 552 c55W
26. Mr. Albu

asked the Chancellor of the Exchequer whether payments by a firm of the school fees of a selected number of its employees are reckoned as expenses wholly and exclusively laid out for the purposes of the firm's trade.

Mr. H. Brooke

The application of the law to particular cases depends on the precise facts, but I am advised that for tax purposes such payments would normally be expenses so laid out, and would accordingly be admissible as a deduction in computing trading profits.