§ Lieut.-Commander Tufnellasked the Chancellor of the Exchequer whether the special subsidy of £20 an acre that is to be given to the smaller flower growers in respect of land freed from flower crops and planted with food crops will be taken into account in the assessment of Income Tax, National Defence Contribution and Excess Profits Tax?
§ Sir K. WoodIt is a general rule of the Income Tax to treat any payment 1191W made towards revenue expenditure, as a trading receipt and the subsidy to which my hon. and gallant Friend refers would be treated accordingly.