§ Mr. P. Wellsasked the Chancellor of the Exchequer to what extent premiums paid on an endowment policy by a firm for education of their employees' children are regarded by the Inland Revenue as taxable emoluments of the employees.
§ Mr. BarberThe Inland Revenue would in general regard such premiums as part of the employee's remuneration and accordingly liable to Income Tax.
§ Mr. P. Wellsasked the Chancellor of the Exchequer how far payments by firms to schools other than by way of scholarship for their employees' children are regarded by the Board of Inland Revenue as a legitimate business expense for tax purposes.
§ Mr. BarberThe application of the law to particular cases depends on the precise facts but payments by firms of school fees for their employees' children are normally admissible as a business expense in computing trading profits.