Direct and Indirect Taxation

HC Deb 18 January 2002 vol 378 c508W

Mr. Bercow

To ask the Chancellor of the Exchequer if he will estimate the percentage change in upper tax income per income decile as a consequence of announced changes to direct and indirect taxation over the period 2002–03 to 2004–05. [26330]

Mr. Andrew Smith

There will be a reduction in income tax for a relatively small number of higher rate taxpayers with the increase in the children's tax credit to up to £20 a week for families in the year of a child's birth from April 2002. Apart from this, announced tax changes over the period 2002–02 to 2001–05 will have no impact on higher rate taxpayers.