HC Deb 17 February 1931 vol 248 c1085W
Viscountess ASTOR

asked the Chancellor of the Exchequer the profits of brewing concerns for the accounting years ended in the Income Tax year of 1929–30, including in addition to brewing profits any profits arising from the carrying on of any trade ancillary to the main business?

Mr. P. SNOWDEN

The profits of brewing concerns for accounting years ended in the Income Tax year 1929–30 are estimated at £25,000,000. This figure represents the profits as computed for Income Tax purposes less the amounts allowed for wear and tear of machinery and plant, and includes profits arising from the carrying on of any trade ancillary to the main business.