§ Mr. Ralph Howellasked the Chancellor of the Exchequer, pursuant to his reply to the hon. Member for Norfolk, North Official Report, 9 March, c. 257, what is his estimate of the yield that would result from making child benefit reckonable for tax in the tax year 1981–82; and what increase in child benefit such yield would represent.
§ Mr. Peter ReesThe yield from taxing child benefit would be about £920 million in a full year at 1981–82 income and benefit levels. If this were applied to increasing child benefit, the resultant increase would be about £2.20 per week, taking into account the further income tax yield on this increase.