Treasury written question – answered at on 15 November 2010.
To ask the Chancellor of the Exchequer what estimate he has made of the amount his Department paid in child benefit in respect of families of those paying income tax at the higher rate in the latest period for which figures are available; and if he will estimate the increase in the higher rate of income tax required to accrue the equivalent sum to the Exchequer.
The amount HMRC is estimated to be paying in child benefit in respect of families of those paying income tax at the higher rate in 2010-11 is £2.0 billion.
The increase in the higher rate of income tax required to accrue the equivalent sum to the Exchequer is around 2%.
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