CORPORATION PROFITS TAX.

HC Deb 28 April 1920 vol 128 cc1240-1W

Mr. SWAN

asked the Chancellor of the Exchequer whether it is proposed to make clubs liable to the Corporation Profits Tax?

Mr. CHAMBERLAIN

The Corporation Tax will apply generally to concerns with limited liability. The constitution of clubs varies greatly in different cases, and I think I must ask the hon. Member to await the detailed provisions of the Finance Bill.