HC Deb 22 February 1983 vol 37 c399W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer what would be the gain to the Exchequer in 1983–84 of taxing child benefit.

Mr. Wakeham

The yield would be about £1 billion in a full year at 1983–84 income levels and at the 1983–84 levels of child benefit assumed in Cmnd. 8789, and assuming that income tax allowances and thresholds are indexed from their 1982–83 levels by reference to the statutory formula. The estimate also assumes that child benefit would be treated for income tax purposes as unearned income.