§ 39. Sir D. Campbellasked the Chancellor of the Exchequer if he is aware that in applying the assurance given by the Financial Secretary to the Treasury on 3rd August, 1961, in answer to a Question by the hon. Member for Finchley, the special commissioners of the Inland Revenue are regarding a material increase in turnover and profits as a change in circumstances entitling them to take Surtax action under Section 245 of the Income Tax Act, 1952, notwithstanding that the same proportion of profits has been distributed as was accepted as reasonable for past years; and what instructions he proposes to give to implement the original assurance and clarify the position.
33W
§ Sir E. BoyleAs I indicated on 3rd August, there has been no change in the Special Commissioners' policy on Surtax directions. If my hon. Friend has a particular case in mind, I will have it looked into if he will send me the particulars.