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Income Tax

Volume 65: debated on Tuesday 28 July 1914

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21.

asked whether the assessment to Income Tax for 1914–15 on income from possessions will be based on the average income which accrued due in each of the three preceding years?

Is the right hon. Gentleman aware that my question yesterday referred to incomes actually received, whereas this refers to income accrued due, and is it not the fact that income which accrues due is not paid until the following tax year?

I will consider the point, but I was under the impression that it was practically the same question.