Mr. BARLOWasked the Secretary to the Treasury what was the exact rate of Income Tax due and payable in respect of each of the quarterly periods terminating on the quarter days of the following years: 1913, 1914, 1915, and 1916, to date?
Mr. McKINNON WOODThe Income Tax is an annual tax and the standard rate resulting from the successive Finance1036W Acts for each of the years in question is represented by:
1s. 2d. in the £ for the year ended 5th April, 1914 1s. 8d. in the £ for the year ended 5th April, 1915 3s. in the £ for the year ended 5th April, 1916 5s. in the £ for the year ended 5th April, 1917