Written question asked by Lord Taylor of Goss Moor (Liberal Democrat) on Tuesday, 20 June 2000, in the House of Commons. It was due for an answer on Tuesday, 27 June 2000. It was answered by Baroness Primarolo (Labour) on Tuesday, 27 June 2000 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what estimate he has made of the revenue from taxing child benefit for (a) all upper-rate taxpayers at 40 per cent. and (b) upper-rate taxpayers at 40 per cent. but 50 per cent. for those with taxable incomes of over £100,000 per annum; and if he will make a statement. - Inc figures.

Answer: Mr. Matthew Taylor: To ask the Chancellor of the Exchequer what estimate he has made of the revenue from taxing child benefit for (a) all upper-rate taxpayers at 40 per cent. and (b) upper-rate taxpayers at 40 per cent. but 50 per cent. for those with taxable incomes of over £100,000 per annum; and if he will make a statement. [127500] Dawn Primarolo: The estimated revenue from taxing child benefit received by higher-rate taxpayers at 40 per cent. in 2000-01 is £50 million in a full year. The additional revenue from taxing child benefit received by higher-rate taxpayers with taxable incomes of over £100,000 per annum at 50 per cent. is estimated to be less than £5 million.

Secondary information