HC Deb 02 May 1968 vol 763 cc243-4W
Mr. Barnett

asked the Chancellor of the Exchequer if he will make a statement clarifying his rules for the assessment of tax in respect of funds raised by carnivals and similar organisations; and whether he will take steps to ensure that, even where the organisation concerned is not registered as a charity, only earnings including interest shall be subject to tax and not funds collected at a charity fete or similar function.

Mr. Harold Lever

The general rule is that funds raised by carnivals and similar functions are subject to tax if and only if they arise from trading activities; and this is so whether the profit arises to a charity or some other body. If my hon. Friend has a particular case in mind and will let me have details about it I will have it looked into and will write to him.

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