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Income Tax (Trade Association Subscriptions)

Volume 463: debated on Tuesday 29 March 1949

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asked the Chancellor of the Exchequer whether he will take steps to remove the anomaly whereby persons assessed to Income Tax under Schedule D can have their subscriptions to trade associations allowed as expenses if they are expended for the purpose of their trade or profession, whereas if they are assessed under Schedule E, there is no allowance in respect of subscriptions to the same association unless the subscription is necessarily expended in the performance of the duties of their employment.