Income Tax (Football Pool Firms)

HC Deb 30 July 1946 vol 426 c126W

63. Mr. Nally

asked the Chancellor of the Exchequer what limit has been, or will be, placed upon the proportion of total revenue accruing to football pool firms which may be properly returned for Income Tax purposes by such firms as legitimate expenses.

Mr. Dalton

The test under Income Tax law is simply whether expenses are wholly and exclusively incurred for the purposes of the trade.