§ Mr. CLARRYasked the Chancellor of the Exchequer if he will consider the exemption in the assessment for the 1558W purpose of Income Tax of the Army pay to the officers and men of the Territorial Army who receive suet' pay during the 14 days' annual training per annum, as expenses are incurred by them in connection with their duties during 50 weeks each year?
§ Mr. CHURCHILLI would refer my hon. Friend to the reply which I gave the right hon. and learned Member for Spen Valley (Sir J. Simon) on the 24th February. I am sending him a copy of that reply.
§ Mr. DALTONasked the Chancellor of the Exchequer what would be the effect on the yield of the Income Tax of abolishing the three years' average assessment under Schedule D and substitute an assessment based on the income of the previous year or of the current year, respectively?
§ Mr. CHURCHILLThe effect on the yield of the Income Tax of substituting, for the present three years' average assessment under Schedule D, an assessment based on the income of the preceding year or of the current year, would depend, not only on the conditions of the year in which the change was made, but on the special provisions which might be necessary to facilitate the introduction of the new system. The hon. Member will realise that the many hypotheses open to me on this subject make it one more suitable to debate in the course of the coming Finance Bill than to the limits of a Parliamentary answer.