Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of raising the income threshold for High Income Child Benefit Charge in the context of recent trends in inflation.
The adjusted net income threshold of £50,000 for HICBC only affects a small minority of earners with comparatively high incomes. Given this, the government considers that the current threshold for HICBC remains the best option but, as with all tax thresholds, this is kept under review.