Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 25 Gorffennaf 1950.
Sir Archer Baldwin
, Leominster
12:00,
25 Gorffennaf 1950
asked the Chancellor of the exchequer whether he is aware that inspectors of taxes are refusing to admit immature animals under the herd basis; and whether he will instruct them to admit them under paragraph 7 (2) (b) of the 10th Schedule of the Finance Act, 1947.
Sir Stafford Cripps
, Bristol South East
Where an election is made for the herd basis for taxation purposes, the law requires immature animals to be excluded from the herd, except where certain special conditions set out in paragraph 7 of the Tenth Schedule to the Finance Act, 1947, are satisfied. In case of dispute on this point there is a right of appeal to the appropriate body of appellate Commissioners.
Sir Archer Baldwin
, Leominster
Can the right hon. Gentleman, with his knowledge of livestock breeding, explain how it would be possible for these people to bring their immature animals into a herd, and why should they not be allowed to bring into the herd the animals which they have bred?
Sir Stafford Cripps
, Bristol South East
If the hon. Gentleman will study paragraph 7 of the Tenth Schedule to the Finance Act, 1947, he will see the conditions under which they are allowed to do so, but these are very limited conditions.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
