§ Mr. W. H. Greenasked the Chancellor of the Exchequer whether he will consider the advisability of allowing a discount of, say, 2 or 2½| per cent, to taxpayers who pay their full half-year's Income Tax before the 31st December and so reduce the cost of borrowing to the Exchequer?
§ Sir J. SimonI would remind the hon. Member that under the provisions of Section 159 of the Income Tax Act, 1918, as amended by Section 18 of the Finance Act, 1937, discount at the rate of 2½ per cent, per annum may be claimed in respect of the prepayment of Income Tax charged under Schedule D.