HC Deb 04 August 1924 vol 176 cc2553-4W
Mr. LAMBERT

asked the Chancellor of the Exchequer the aggregate profits of the brewing companies in the United Kingdom for the year 1913–14 and the latest year for which complete figures are available?

Mr. SNOWDEN

The estimated profits of brewing concerns in the United Kingdom for the years 1913–14 and 1922–23 (the latest year for which figures are available) are as follow:—

£
1913–14 9,971,000
1922–23 19,000,000
These figures represent the profits for the accounting years ended within the Income Tax years 1913–14 and 1922–23, rspectively. For the latter year they are based upon the ascertained results of about one-half of the trade. The estimated profits stated represent profits as computed for the purpose of Income Tax, Schedule D (adjusted for 1922–23 to exclude the effect of payments or repayments of Excess Profits Duty) less the amounts allowed in respect of the wear and tear of machinery and plant. They include profits arising from carrying on any trade ancillary to the main business of brewing as, for example, from the retail trade of managed houses, sale of wines and spirits, bottling, etc.