HC Deb 08 May 1989 vol 152 c313W
Mr. Squire

To ask the Chancellor of the Exchequer what the savings would be of taxing child benefit for taxpayers at the 40 per cent. tax rate in 1989–90.

Mr. Norman Lamont

The direct revenue yield in 1989–90 from taxing child benefit at 40 per cent. for those married couples and single parents facing a marginal tax rate of 40 per cent. for that year is estimated to be about £140 million.