I beg to propose Financial Resolution No. 15, which provides for the assessment of excess profits duty in cases where businesses have changed ownership:—
(1) That sub-section (2) of Section 45 of the Finance (No. 2) Act, 1915, shall be construed and have effect and be deemed always to have had effect as if the words "at the date of the making of the assessment" were inserted therein in lieu of the words "for the time being" now contained therein.
(2) That where there has been a change of ownership of a trade or business after the end of the final accounting period, the Revenue Commissioners may, if they think fit, assess excess profits duty in respect of any accounting period on any person who owned or carried on such trade or business at any time during such accounting period.
