HC Deb 22 March 1960 vol 620 cc218-9
21. Dr. A. Glyn

asked the Chancellor of the Exchequer whether he is aware that the Distinguished Conduct Medal is the only award for gallantry the financial benefits of which are subject to tax; and if he will consider, in his forthcoming Budget, exempting such payments from taxation.

Mr. Amory

There are other awards for gallantry besides the D.C.M. the financial benefits of which are subject to Income Tax. As regards the second part of the Question, I cannot anticipate my Budget statement.

Dr. Glyn

Does not my right hon. Friend agree that awards for gallantry are somewhat different from normal pensions, and that, since the sum involved is very small, he could quite easily, without much loss to the Exchequer, exempt them from tax?

Mr. Amory

I will bear in mind what my hon. Friend has said.