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Excess Rents

Volume 649: debated on Thursday 23 November 1961

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50 and 51.

asked the Secretary to the Treasury (1) why returns for excess rents made for the forthcoming year during the financial year are not accepted on the basis of subsequent amendment at the end of such financial year which is the first time when actual figures are available;(2) why returns for excess rents requested in the preceding April and provided during the subsequent year are not accepted without the issue of assessments considerably in excess of the returns made, which necessitates appeals against such assessments.

The practice referred to by my hon. Friend has been found convenient in some cases, as a means of avoiding a 12-month delay in assessing any liability in excess of that for the previous year. If my hon. Friend will send details of any case he has in mind I will look into it.