Expenses Allowances, Public Boards (Income Tax)

HC Deb 05 June 1956 vol 553 cc38-9W

48. Vice-Admiral Hughes Hallett

asked the Chancellor of the Exchequer how expenses allowances paid to members of the boards of nationalised industries are dealt with for Income Tax purposes.

Mr. H. Macmillan

Expenses allowances paid to members of public boards engaged in trade are assessable to tax as income in the same way as expenses allowances paid to directors of companies. A deduction may be claimed in respect of expenses incurred wholly, exclusively and necessarily in the performance of the duties of the office.