§ Mr. SAMUEL SAMUEL
asked the Secretary to the Treasury what deduction for Income Tax will have to be made by public companies for the twelve months, 1st January, 1914, to the 31st December, 1914, payable 5th January, 1915, in view of so little time being available to make out dividend warrants, and seeing that the Act is not thoroughly understood by the legal profession at present; and whether three months of the year will be at 1s. 2d., eight months at 1s. 3d., and one month at 2s. 6d., or an average of 1s. 4d., which would be the rate to be deducted on the dividends payable on the 5th January, 1915?
§ Mr. MONTAGU
I have asked the Inland Revenue Department to send the hon. Member a copy of a Memorandum on the subject of Income Tax Deductions which will be issued by them very shortly. This Memorandum will be brought to the notice of all public companies.