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Co-Operative Societies (Taxation)

Volume 409: debated on Tuesday 10 April 1945

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asked the Chancellor of the Exchequer whether he will introduce a Bill to amend the law relating to the taxation of co-operative societies so far as, Sub-section (3) of Section 31 of the Finance Act, 1933, is concerned, which allows the dividend paid by such societies as a deduction in arriving at the assessable profits, with a view to securing fair trading conditions in the distributive trades.

No, Sir. I would refer my hon. Friend to the reply which I gave to the hon. Member for Stoke Newington (Sir G. Jones) on 17th October, 1944, a copy of which I am sending him.