§ Mr. Peter Reesasked the Chancellor of the Exchequer in view of the criticisms by Her Majesty's judges of Section 408 of the Income Tax Act 1952, now Section 451 of the Income and Corporation Taxes Act 1970, and of the ambiguities in the Section, what instructions he has given as to the circumstances in which tax is to be claimed under that section.
§ Mr. Patrick JenkinMy right hon. Friend has given no such instructions, but he is considering whether any amendment of the Section is required.