HC Deb 13 February 1911 vol 21 cc820-1W
Mr. BRIDGEMAN

asked the Chancellor of the Exchequer if Income Tax collectors have received authority to allow the deduction of 2½ per cent. on Income Tax paid before 1st January, in accordance with his statements made in the House of Commons on 2nd and 3rd March, 1910; and whether the deduction allowed is 2½ per cent. of the total tax?

Mr. HOBHOUSE

Income Tax collectors have authority, under Section 141 of the Income Tax Act, 1842, as amended by Section 10 of the Revenue Act, 1889, to allow discount at 2½ per cent. per annum to persons paying the tax in advance.