§ 63. Sir GODFREY COLLINS
asked the Chancellor of the Exchequer the amount of revenue received from the Income Tax 1137 which is collected from securities yielding a fixed rate of interest for 1920–21, according to the Income Tax assessments; and what percentage does this figure bear to the total Income Tax received for the year?
§ Sir R. HORNE
The information sought is not available. The hon. Member will appreciate that in the case of the majority of securities of the class referred to, Income Tax is deducted at the source, and an inquiry as to the net amount received by the Exchequer after provision is made for repayments due could not be successfully carried out.