Child Benefit (Hansard, 21 June 1993)

§ Mr. Dewar
To ask the Chancellor of the Exchequer what is his best estimate of the yield to the Treasury in a full year of treating child benefit as income for income tax purposes

§ Mr. Dorrell
At 1993–94 levels the revenue yield would be about £600 million, assuming that the benefit was taxed as the mother's—or lone father's—income.

§ Mr. Nigel Griffiths
To ask the Chancellor of the Exchequer (1) if he will estimate what the saving would be of taxing child benefit as part of the woman's income in 1993–94 and 1994–95;
(2) if he will estimate what the saving would be of taxing child benefit as part of the man's income in 1993–94 and 1994–95.

§ Mr. Dorrell
[holding answer 17 June 1993]: The revenue yield at 1993–94 levels would be about £1.3 billion if child benefit was taxed as the father's—or lone mother's—income and about £0.6 billion if taxed as mother's—or lone father's—income.
Estimates for 1994–95 will depend on the levels of child benefit and on tax rates and allowances for that year.