§ Mr. Houghtonasked the Chancellor of the Exchequer how many notifications of untaxed interest have been made to the Inland Revenue under the provisions of Section 27, Finance Act, 1951; in how many cases under-assessment has been discovered; and how many cases still remain to be dealt with.
§ Mr. Boyd-CarpenterUp to 30th September, 1952, rather over one million notifications have been received. Some 700,000 have so far been examined, and under-assessment has been discovered or is suspected in about one-quarter of the cases. About 45,000 cases of underassessment have been settled.