Child Benefits

HC Deb 06 December 1982 vol 33 c341W

Mr. Hordern

asked the Chancellor of the Exchequer what would be the gain to the Exchequer if child benefits were subject to income tax.

Mr. Ridley

At 1982–83 levels of income, benefits and tax rates, the yield from taxing child benefit is estimated at about £1 billion in a full year.