Written Question·Treasury·UIN 14054
High Income Child Benefit Tax Charge
Tabled: 13 November 2024
Answered: 22 November 2024
Question
John Glen
Conservative — Salisbury
To ask the Chancellor of the Exchequer, with reference to paragraph 5.146 of the Autumn Budget 2024, HC 295, what estimate her Department has made of the potential savings to the public purse for changes to the High Income Child Benefit Charge in each of
Answer
Darren JonesIt is estimated that reforming the High Income Child Benefit Charge to be charged on a household income basis, with thresholds set to £120,000-£160,000 so that no families lose out, would cost £1.4 billion in 2029-30. This is an internal HM Treasury estim...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 14054) →