§ Sir J. MARRIOTTasked the Chancellor of the Exchequer whether he is aware that the Board of Inland Revenue have refused to allow banks to lodge a bulk claim on behalf of their customers for the return of the additional 6d. in the £ of Income Tax due to be repaid on certain classes of Government securities; whether, in the obverse case, the Board make a bulk claim upon the banks; and if he can state the number of additional repayment warrants and of separate advice notes involved in this departure from recent practice?
§ Mr. CHURCHILLI assume that my hon. Friend is referring to deductions of tax from payments of interest made in the interval between the beginning of the current Income Tax year and the date of the Resolution announcing the reduced rate of tax for the year. Experience has shown that it is essential for the due protection of the revenue that the claims for repayment which thus arise should be made by the recipients themselves. The revenue authorities have not made bulk claims upon banks in years when the rate of tax has been increased, but have collected any additional tax from the recipients of the incomes. The particulars asked for in the last part of the question are not available.
§ Lieut. - Commander KENW0RTHYasked the Chancellor of the Exchequer when Income Tax was first demanded from amateur football clubs; whether any allowance in respect of capital expenditure upon ground improvements is being admitted; and if he is aware that many clubs have sunk their profits over a series 704W of years in such improvements and are experiencing difficulty in raising the money demanded?
§ Mr. CHURCHILLUnder the ordinary provisions of the Income Tax Acts, athletic clubs, including amateur football clubs, have always been liable to tax in respect of the ownership or occupation of land and in respect of any profits arising out of the receipt of gate money and the like after deduction of what may broadly be described as current expenses. Capital expenditure is in no circumstances admissible as a deduction in the computation of income for Income Tax purposes.