The official version of this document can be found via the PDF button.
The below content has been automatically generated from the original PDF and some formatting may have been lost, therefore it should not be relied upon to extract citations or propose amendments.
10
WQ. 37/2018
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY THE DEPUTY OF ST. JOHN
ANSWER TO BE TABLED ON TUESDAY 20th FEBRUARY 2018
Question
Will the Minister provide the most recent figures for the loss of Income Tax arising from all of the childcare allowances offered through the Income Tax system and will he also provide the number of people who are currently claiming these allowances?
Answer
This answer refers to Taxes Office data for the 2016 year of assessment.
Childcare allowances | Tax relief[1] |
Child allowances | £17m |
Additional personal allowance | £4m |
Child Care Tax Relief | £3m |
TOTAL | £24m |
There were about 14,000 claimants. NOTE:
- Child allowances' includes basic (pre-school and school age children) and higher (children in full time higher education). These allowances are set at a flat rate.
- Basic child allowance and additional personal allowance were phased out for standard rate taxpayers through 2016 and 2017.
- Childcare Tax Relief, is a tax relief which can be claimed by working parents who incur specific costs for pre-school and school age children under 12.
- The claimants are a mixture of marginal and standard rate taxpayers, but also those whose access to reliefs and allowances ultimately exempt them from income tax. In these cases the tax relief available may not have been fully utilised.