HC Deb 30 April 1941 vol 371 cc452-3W
Sir A. Gridley

asked the Chancellor of the Exchequer whether the date by which applications under Section 27 of the Finance Act, 1940, can be received, namely, before the end of the year 1940, as provided in Sub-section (7) thereof, can be further extended to before the end of the year 1941 to enable bodies corporate, who might benefit by the application of the Section but who have not yet been able to ascertain and agree their Excess Profits Tax position, to have further time in which to determine whether any claim for a substituted profits standard under the terms of the Section would be advantageous?

Sir K. Wood

The Finance Bill will contain a proposal for an extension of the term within which a notice of application under Section 27 of the Finance Act, 1940, may be given.