Sir W. ALLENasked the Chancellor of the Exchequer if he will furnish a return of the number of claims for re- 1105W payment of Income Tax and repaid by the Income Tax authorities, and the amount repaid, in the financial year 5th April, 1930–31-; if he is aware that from the receipt of dividends until some of these repayments are made a period of 15 months may elapse; and will he consider the advisability of arranging that claims for repayment can be made twice in the year?
§ Mr. P. SNOWDENIn the year ended 31st March, 1931, repayments of Income Tax amounting to £48,502,037 were made on approximately 1,750,000 claims for repayment. Every effort is made to deal quickly with repayment claims and, as explained on the form of repayment, it is the practice of the Department to make interim repayments during the year.
§ Mr. ARNOTTasked the Chancellor of the Exchequer the amount paid in direct taxation by single persons and married couples with three children, respectively, upon incomes of £250, £500, and £1,500, in Great Britain, France, Ger-
A.—If the Taxpayer derives all his income from investments. Total Income. Equivalent Capital. Income Tax. Sur-tax. Net Insurance Payment to provide for Estate Duty. Total. £ £ £ £ £ £ 3,000 60,000 658 62 344 1,064 20,000 400,000 4,908 4,682 6,783 16,373
B.—If the taxpayer derives half his income from investments and half from earnings. 3,000 30,000 583 62 104 749 20,000 200,000 4,833 4,682 2,178 11,693 NOTE.—The taxpayer is assumed to be a married man, aged 45 years, with three children.