HC Deb 25 January 1978 vol 942 c595W
Mr. Skeet

asked the Chancellor of the Exchequer what is the value to a recipient of the additional pension paid to holders of the Victoria Cross and referred to in Section 368 of the Incomes and Corporation Taxes Act 1970.

Mr. Robert Sheldon

The amount of the additional pension is 2½p per day, which represents £9.13 per annum. This is exempted from tax by Section 368, Taxes Act 1970. The gross equivalent per annum for a person liable at the basic rate is £13.82.