HC Deb 13 December 1962 vol 669 c92W
49. Mr. A. Roberts

asked the Chancellor of the Exchequer if he will consider giving a tax concession on funds set aside by industry to meet a future contingency of redundancy.

Mr. Boyd-Carpenter

No. The general position is that payments actually made to employees on redundancy are an admissible expense for tax purposes unless they are connected with the closing down or sale of the business. But I do not think we can go further than this.

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