§ 39. Mr. Curranasked the Chancellor of the Exchequer if he will now introduce legislation to tax expense accounts.
§ Sir E. BoyleExpenses payments to employees earning £2,000 or more a year, or to directors, are already taxable as remuneration, subject to a deduction for expenses incurred wholly, exclusively and necessarily in the performance of their duties. As my right hon. and learned Friend said in his Budget speech, he will keep under review the tax treatment of expenditure on business entertainment.