§ Mr. Newtonasked the Chancellor of the Exchequer how many tax allowances are now given annually for children aged under 11 years, between 11 and 16 years and over 16 years, respectively; and what would be the increase in revenue at current income tax rates from their abolition, respectively.
§ Mr. Robert SheldonEstimates of the number of child tax allowances in 1977–78 and the potential additional revenue yield, assuming a basic rate of 34 per cent. from their complete abolition, are as follows:
Numbers of allowances (Millions) Revenue yield (£ millions) Age of child at start of tax year— Not over 11 8.6 525 Over 11 but not over 16 4.1 315 Over 16 1.0 90