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Mr. Cartwright
asked 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. |