§ Mr. McCrindleasked the Chancellor of the Exchequer when the daily limit of luncheon voucher expenditure which can be claimed against company tax was raised to 15 pence; and what would be the equivalent figure currently.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 8th March 1978; Vol. 945, c. 682–3], gave the following information:
In its existing form the concession under which the first 15p of the value of a meal voucher is not subject to tax dates from 1959. On the basis of the change in the retail price index, the present equivalent in real terms of 15p in 1959 is about 57p.