§ Mr. Hammersleyasked the Chancellor of the Exchequer if expenditure incurred during the period 1940–1944 onwards for purchasing new machinery, new motive power or extension of premises for the purpose of providing rest rooms, canteens and other amenities for the welfare of workpeople will be regarded by the revenue authorities as eligible to rank as a claim or set-off against accrued E.P.T. post-war credits.
§ Sir J. AndersonI would refer my hon. Friend to Section 37 of the Finance Act, 1942, from which he will see that the Excess Profits Tax post-war credit is payable after the end of the war, subject to such conditions as Parliament may impose relating to distribution for the benefit of shareholders. The credit is intended to be available to meet post-war capital expenditure, including expenditure on rehabilitation, reconstruction and development.