Child Care Tax Allowance (Hansard, 6 March 1992)

HC Deb 06 March 1992 vol 205 cc321-2W 321W

§ Mr. David Shaw
To ask the Chancellor of the Exchequer what is the estimated cost to the Exchequer in a full tax year of introducing a child care tax allowance on the first(a) £1,000, (b) £2,000 and (c) £5,000 of taxable income for (i) working single parents and (ii) couples where both spouses are working.

§ Mr. Maude
Estimates of the cost of introducing allowances against taxable incomes of (i) working single parents and (ii) the higher earner in a two earner family for 1992–93 are as follows:
322W

Cost (£ million)

Allowance of

£1,000 per year £2,000 per year £5,000 per year

Working single parents 60 120 220

Higher earner in a two earner family with children 900 1,800 4,300

Cost (£ million)
	Allowance of
	£1,000 per year	£2,000 per year	£5,000 per year
Working single parents	60	120	220
Higher earner in a two earner family with children	900	1,800	4,300