HC Deb 23 July 1968 vol 769 cc66-7W
62. Mr. Donald Williams

asked the Chancellor of the Exchequer what is the practice of the Inland Revenue regarding the number of hours per week which a part-time service director must work in order to qualify to be treated for taxation purposes under Section 74(3) of the Finance Act, 1965.

Mr. Diamond

Section 74(3), Finance Act, 1965 is regarded as applying to directors who work the same number of hours as. those normally worked by full-time employees of the company.