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Post-War Credits

Volume 480: debated on Wednesday 15 November 1950

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asked the Chancellor of the Exchequer for what reason sums due to individuals through post-war credits are not shown in the Finance Accounts.

Information regarding amounts outstanding in connection with Income Tax post-war credits and similar refunds of sums previously credited as revenue has been published in the Financial Statement. A full analysis of the amounts of Income Tax post-war credits originally created and amounts repaid also appears in the latest Inland Revenue Report. The question of noting these and sums of a similar character in future issues of the Finance Accounts is under consideration.