§ 39. Mr. W. Clarkasked the Chancellor of the Exchequer whether, in view of the rule by which assessments under Case VIII are based on the previous year's income and of the hardship sometimes resulting from delay in adjusting the income to that of the current year, he will give instructions to inspectors of taxes to take account, when making the assessments, of any specific cause by reason of which the income of the current year is likely to fall short of that for the year preceding.
§ Mr. MacDermotThe law provides for the amount of the assessment to be appropriately adjusted in cases where the taxpayer has ceased to possess a source of income chargeable under Case VIII. Inspectors of Taxes are ready to give sympathetic consideration to cases not covered by this provision 209W where the payment of tax on the preceding year basis would cause hardship, but the assessment itself cannot be reduced except where the law so provides.