HC Deb 09 December 1977 vol 940 cc921-2W
Mr. Luce

asked the Chancellor of the Exchequer what would be the estimated loss of revenue if all monetary awards linked to decorations for gallantry in Her Majesty's Service were exempt from tax; and what would be the estimated figure based on the exclusion of the other decor- ations which are exempted from such taxation.

Mr. Robert Sheldon

Information on which to base a precise estimate is not available since the loss of revenue would depend on the personal circumstances of the recipients of such payments. However, the amount of the payments is such that the cost would be very small.