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Income Tax (Football Pools)

Volume 440: debated on Monday 21 July 1947

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asked the Chancellor of the Exchequer whether a person or company carrying on the trade of football-pool promoter is allowed to deduct the following expenses when computing his profits for the purpose of Income Tax, namely, production of publicity films; production of posters; free supply of metal cycle-racks for use outside retail traders' shops; commission payments to hairdressers, newsagent and others acting as agents; salaries or fees of detectives and inquiry agents; hotel bills and other costs incurred in the entertainment of pool winners and other guests; and seaside trips for employees displaying special skill in the handling of pool coupons.

The test, as in other cases, is whether the expenses are wholly and exclusively incurred for the purposes of the trade and are of the nature of revenue.