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Excess Profits Duty

Volume 154: debated on Tuesday 23 May 1922

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asked the Chancellor of the Exchequer if he will give the following particulars with regard to the refund of Excess Profits Duty; the amount sanctioned for refund but not paid on list March, 1922, the claims for refund received to date exclusive of the above, and his estimate of the approximate total additional amount still to be refunded by the Treasury?

Repayments of Excess Profits Duty are made immediately the amount due is finally ascertained. I am unable to state the amount involved by claims at present under investigation, as many of them are disposed of locally without being brought before the Commissioners of Inland Revenue. The estimate asked for in the third part of the question will take some time to prepare, but if my hon. Friend will repeat his inquiry during the Committee stage of the Finance Bill, I hope to be able to give him the information then.