§ 46. Mr. Douglas Houghton
asked the Chancellor of the Exchequer how far the Post-War Credits of the ex-Service men concerned will be reduced or extinguished by the remission of arrears of tax under the recently-made concession.
§ Sir S. Cripps
The amount of a Post-War Credit for any year is computed by reference to the tax borne for that year. Consequently, to the extent that tax is remitted for any year, the Post-War Credit for that year is less by that amount.
§ Mr. Houghton
Will my right hon. and learned Friend say whether he took the post-war set-off into account in giving the Committee an estimate of the cost of this remission?