§ Mr. DewarTo ask the Chancellor of the Exchequer if he will update the answer to the hon. Member for Edinburgh, South (Mr. Griffiths) of 21 June,Official Report, column 13, to include estimates for 1994–95 based on the assumption of statutory indexation and measures already announced in the 1993 Budget; and if he will include estimates for the effect on revenues if child benefit was taxed at the higher rate only.
§ Mr. DorrellEstimated revenue yields are given in the table. For 1994–95 the rates of child benefit have been assumed to be £10.20 per week for the first child and £8.25 per week for subsequent children in line with the 1.8 per cent. increase in the September retail prices index.
£ million Yield in a full year At 1993–94 income levels At 1994–95 income levels Child benefit taxed as Father (or lone mother's) income 1,150 1,200 Mother (or lone father's) income 625 650 At higher rate only on father or lone mother's income 200 250 At higher rate only on mother or lone father's income 30 30