§ Mr. H. WILLIAMSasked the Financial Secretary to the Treasury what saving in administrative expenses will result from the abolition of the Corporation Profits Tax when all the assessments have been completed and all arrears collected?
Mr. GUINNESSThe administration of the Corporation Profits Tax is inseparably bound up with that of other Inland Revenue Duties, especially the income Tax, and it is not possible to apportion the total cost of assessment and collection between the various duties. The amount of special machinery maintained for the special purpose of the Corporation Profits Tax and involving expenditure is, however, inconsiderable