§ Mr. Arthur Lewisasked the Chancellor of the Exchequer if, under his Budget proposals, a company director who resigns his office and is re-engaged as a consultant is able to have a car supplied to him tax-free by virtue of his previous office.
§ Mr. Robert SheldonNo, on the assumption that he continues to be assessable under Schedule E as a consultant. If he becomes self-employed and assessable under Schedule D, the treatment of the car for tax purposes would not be affected by the Budget proposals but would follow the normal rules for computing the taxable profits of a business.