§ Sir A. Herbertasked the Chancellor of the Exchequer why, in Table 10, Estimates of National Income and Expenditure, of the White Paper, Cmd. 7371, professional earnings are included under Interest and Profits; and what is the total of such earnings.
§ Sir S. CrippsThe classification of income used in the White Paper on National Income and Expenditure, Cmd. 7371, to a large extent follows Inland Revenue practice. This is unavoidable since so many of the estimates given are based on statistics of the total income assessed to tax under the various Income Tax schedules. Assessments under Schedule D cover not only company profits and interest not taxed at source but also the trading profits and professional earnings of individuals. It is not possible at present to give an analysis of the total given under the heading, Profits and Interest, in Cmd. 7371, but it is hoped to provide this at a future date.
§ Sir A. Herbertasked the Chancellor of the Exchequer whether, in Table 10, Estimates of National Income and Expenditure, of the White Paper, Cmd. 7371, amounts received by non-profit making bodies are included under Interest and Profits, as stated on page 20; and what is the total of such amounts.
90W
§ Sir S. CrippsAs stated on page 20 of Cmd. 7371, the income of non-profit making bodies is, in principle, included under Interest and Profits in Table 10. The amount is, however, not accurately known.