§ 73. Colonel Stoddart-Scottasked the Chancellor of the Exchequer whether a private trader, non-limited company, will be allowed to utilise, the 20 per cent, returnable E.P.T. for improvement to machinery and buildings, or if it will be added to income and be subject to Supertax.
§ Mr. DaltonA private trader is allowed to use E.P.T. post-war refunds for improvement to machinery and buildings, but these refunds are taxable income and are chargeable to Sur-tax if received by an individual.