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1461833
registered interest false more like this
date less than 2022-05-11more like thismore than 2022-05-11
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading High Income Child Benefit Tax Charge more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to the Answer of 26 April 2022 to Question 154192 on Child Benefit, if his department will make an assessment of the potential merits of indexing the High Income Child Benefit Charge threshold in line with inflation. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 869 remove filter
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>The Government introduced the High Income Child Benefit Charge (HICBC) to ensure that support for families is targeted at those who need it most. It applies to anyone with an individual adjusted net income over £50,000 who gets, or whose partner gets, Child Benefit. The charge increases gradually for those with incomes between £50,000 and £60,000</p><p>The Government is committed to managing the public finances in a disciplined and responsible way by targeting support where it is most needed.</p><p> </p><p>The threshold of £50,000 only affects a minority of those who get Child Benefit with comparatively high incomes. The Government has decided that the current threshold for HICBC remains the best option. As with all elements of tax policy, the threshold is kept under review as part of the Government’s annual Budget process.</p> more like this
answering member constituency South East Cambridgeshire more like this
answering member printed Lucy Frazer more like this
question first answered
less than 2022-05-19T15:54:30.213Zmore like thismore than 2022-05-19T15:54:30.213Z
answering member
4517
label Biography information for Lucy Frazer more like this
tabling member
4488
label Biography information for Martyn Day more like this