§ Sir L. Lyleasked the Chancellor of the Exchequer whether he will reconsider the provision in paragraph 6 of Cmd. 6559, affecting the taxation of Christmas bonuses and permit such bonuses, if paid in cash not exceeding in amount those given by a firm to its employees in past years, to be treated as tax free.
§ Sir J. AndersonI think that my hon. Friend is under a misapprehension as to the nature of the concession to which he refers. The concession relates to cases where an employer who has been in the habit of giving his subordinate employees Christmas gifts in kind now gives Savings Certificates or Savings Stamps in lieu of such gifts. I could not agree to the allowance of any concession in the case of a cash bonus.