§ Major COHENasked the Chancellor of the Exchequer whether he is aware that Income Tax is levied on the awards which are carried by the Victoria Cross 1342W and the Distinguished Conduct Medal; and whether, in view of the fact that these awards are given only for gallantry in the field, he will take steps for them to be exempted?
§ Mr. P. SNOWDENI am aware that under the Income Tax laws these pensions must he treated as income for taxation purposes. I do not see my way to propose legislation giving them special exemption, especially as the benefit would obviously be confined to those who have incomes above the limit at which liability to Income Tax begins.