§ Ms LynneTo ask the Chancellor of the Exchequer what savings he estimates would be made annually if child benefit were taxed at(a) 40 per cent. (b) 24 per cent. and (c) 20 per cent. rates on (i) mothers' and (ii) fathers' earnings. [3949]
§ Mr. JackThe yield from taxing it at specified rates would depend on whether all taxpayers were to face the same tax rate on child benefit or whether taxpayers with a lower marginal rate would pay tax at their own marginal rate.