Children's Tax Credit (Hansard, 22 January 2001)

HC Deb 22 January 2001 vol 361 c425W 425W

§ Mr. Webb
To ask the Chancellor of the Exchequer, pursuant to his answer of 10 January 2001,Official Report, column 568W, on the Children's Tax Credit, if he will provide corresponding estimates on the basis that the rate of the credit in April is £10 per week. [146319]

§ Dawn Primarolo
On the basis of the Children's Tax Credit (CTC) at £10 per week, the estimated full year yield from reducing the annual threshold at which CTC begins to be tapered away for 2001–02 is given in the following table.

£ million

Reduction to CTC threshold Estimated full year yield

£1,000 39

£2,000 70

£3,000 100

£4,000 140

£5,000 190

£ million
Reduction to CTC threshold	Estimated full year yield
£1,000	39
£2,000	70
£3,000	100
£4,000	140
£5,000	190