§ Mr. Holmanasked the Chancellor of the Exchequer what part of the item entitled, "Interest and expenses," which appears in Table 32 of the One Hundred and Second Report of the Commissioners of Her Majesty's Inland Revenue, is expenses; and what were the major items which together formed the expenses.
§ Sir E. BoyleApproximately £150 million is expenses, but these are not ordinary business expenses. This figure is made up of about £30 million National Insurance contributions paid by self-employed persons and about £120 million for expenses of management of Life Assurance Companies and others falling under Section 425 of the Income Tax Act, 1952.