§ Mr. SquireTo ask the Chancellor of the Exchequer what the savings would be of taxing the child benefit for taxpayers at the 40 per cent. tax rate in 1990–91.
§ Mr. Lilley[holding answer 26 March 1990]: The direct revenue yield for 1990–91 from taxing child benefit—which is paid to the mother—at 40 per cent. for those married 268W women and single parents liable to higher rate tax is estimated to be about £20 million. If child benefit were taxed at the higher marginal rate of either spouse the yield, including that from single parents, is estimated at £175 million.