§ Mr. Newtonasked the Chancellor of the Excheqeuer what would be the extra revenue in a full year by either reducing child tax allowances by £100 or by abolishing all child tax allowances outright.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 10th July 1978; Vol. 953, c. 402], gave the following information:
About £430 million and £500 million respectively, at 1978–79 income levels. 611W These estimates take account of the allowances and rates of tax proposed in the Finance Bill, as amended in Committee.