§ Mr. Cartwrightasked the Chancellor of the Exchequer when it was first decided to disregard the sum of 15p per day when assessing luncheon vouchers provided by an employer as income in kind for tax
ESTIMATES PER HEAD OF TOTAL POPULATION IN 1977 Gross domestic product (*) Taxes on personal income Value added tax In local currencies United Kingdom (£) 2,535 307 76 West Germany (DM) 19,520 2,306 1,021 France (Fr) 35,238 1,839 2,922 In £ sterling (a) Based on exchange rates West Germany 4,820 569 252 France 4,110 215 341 (b) Based on purchasing power parities West Germany 3,235 382 169 France 3,097 161 257 (*) At market prices Source: United Kingdom—latest national income estimates adjusted to international definitions. France and West Germany—GDP from National Accounts ESA Aggregates 1960–77. France and West Germany—Tax data from Revenue Statistics of OECD Member countries 1965–78.