Taxation of Benefit

HC Deb 23 March 1982 vol 20 cc330-1W

Mr. Allen McKay

asked the Chancellor of the Exchequer what is his estimate of the income per annum to be derived from the taxation of unemployment benefit and supplementary benefits on current estimates.

Mr. Ridley

[pursuant to his reply, 19 March 1982, c. 223–24]: At 1982–83 levels of unemployment, income, benefits, tax rates and so on, the yield from the taxation of unemployment benefit and supplementary benefit paid to the unemployed is estimated to be about £375 million in 1982–83, assuming that these benefits become taxable from 5 July 1982, and about £650 million in a full year.