HC Deb 28 April 1970 vol 800 cc290-1W
Mr. Arthur Lewis

asked the Chancellor of the Exchequer whether he will publish the rule and practice of the Inland Revenue regarding the allowances or disallowances for expenses against profits for deduction of tax for newspapers of moneys paid by them to convicted criminals for their memoirs.

Mr. Taverne

The rule is contained in Section 130(a), Income and Corporation Taxes Act, 1970. Broadly, it allows a deduction for expenses wholly and exclusively laid out for the purposes of the trade. Payments by a newspaper for articles published are regarded as within this category.

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