Mr. de Rothchildasked the Financial Secretary to the Treasury whether he will take steps to ensure that Section 37 of the Finance Act, 1942, relating to the return of a percentage of Excess Profits Tax in the form of post-war credit, subject to certain conditions affecting shareholders, applies equally to individuals running their own concerns and particularly to farmers where the question of shareholders does not arise?
§ Mr. AsshetonSection 37 of the Finance Act, 1942, has effect as respects every 1083W person who has paid any Excess Profits Tax for any of the periods in respect of which the tax is chargeable at the rate of 100 per cent., and applies to individuals (including farmers) trading on their own account or in partnership as well as to limited companies.