HC Deb 01 March 1955 vol 537 cc238-9W
22. Mr. Nally

asked the Chancellor of the Exchequer what action he proposes to take to end the situation under which the total costs of private price-maintenance organisations, including legal fees and investigation costs, are being allowed to be charged as legitimate business expenses against both profits and income by persons or groups concerned.

Mr. R. A. Butler

None. I see no reason to depart in this field from the ordinary rules governing the admissibility of deductions in computing trading profits for tax purposes.