§ Mr. SWANasked the Chancellor of the Exchequer what was the amount of Excess Profits Duty in assessment, but not yet collected, on the latest available date?
Mr. CHAMBERLAINThe amount of Excess Profits Duty (including munitions levy) in assessment, less sums shown due to be remitted at the 30th November, 1920, was £280,000,000. Except in so far as the Duty is being collected by instalments, or is not yet due, payment of a considerable portion of this amount is in suspense, pending the settlement of appeals and other questions, which cannot yet be determined, and it must be anticipated that upon the final adjustment of liabilities the total figure in assessment will be very substantially reduced.