§ Mr. Hannahasked the Chancellor of the Exchequer whether, in computing profits liable to Excess Profits Tax, firms will be allowed to deduct money spent on amenities for their staff, such as canteens, especially where such equipment is unlikely to be useful after the war when hands are greatly reduced?
§ Sir K. WoodConcerns expending money on canteens and other amenities of a similar character will normally be able to claim the special relief from Excess Profits Tax given under Rule 3 of Part I of the Seventh Schedule to the Finance (No. 2) Act, 1939, in respect of the exceptional depreciation of buildings, plant and machinery due to the war.