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Private Water Companies (Taxation)

Volume 530: debated on Tuesday 13 July 1954

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14.

asked the Chancellor of the Exchequer why a water company gets more favourable treatment in regard to Income Tax than a public water board; and how far this concession to private enterprise companies extends to other public utility services.

I am not clear what treatment in regard to Income Tax the hon. Member has in mind. If he will write to me on the matter, I will gladly look into it.

Is the Chancellor aware that a financial expert, giving evidence before a Select Committee of this House, said that a private water company was in a more favourable position in regard to Income Tax than a public water beard? Will he have an investigation made into the matter in order to see that there is equitable treatment? I will gladly supply the right hon. Gentleman with the quotation.

I very much look forward to receiving the information which the hon. Gentleman will send me, because this matter is news to me and to the Revenue.