HC Deb 05 December 1967 vol 755 c262W
60. Mr. Ian Lloyd

asked the Chancellor of the Exchequer how many companies have been asked by the Inland Revenue to produce annual accounts for the period 6th April, 1967 to 5th April, 1968; and what steps he will take to prevent the recurrence of such circulars.

Mr. Diamond

In addition to accounts covering past periods many companies voluntarily provide estimates of their current profits which give up to date information about the state of the economy and are of great help to the Revenue in forecasting the yield of taxes.