The introduction of a second tier, means-tested child benefit payment would involve the replacement of some existing supports and could lead to some lower-income households losing out financially, the Tax Strategy Group (TSG) papers suggest. Marin Wall reports.

Staying with the TSG papers, Cliff Taylor tells us that the income tax dilemma faced by the Government in framing October’s budget is underlined in the key pre-budget papers, which say that indexing tax bands and credits for inflation would cost over €1 billion.

And on the same subject Barry O’Halloran says that boosting betting tax in the budget would raise up to an extra €53 million a year for the State, according to Department of Finance officials, while Michael McAleer informs us that a 1 per cent increase in the higher rates of Vehicle Registration Tax (VRT) is one of the budget options outlined by the TSG papers.