Child tax credit is windfall for mums

Child tax credit is windfall for mums

Chancellor Gordon Brown claims the new child tax credit to be introduced in April will transfer up to £2bn from 'dads to mums'.

Link: Brown launches new family tax credit scheme

Brown claimed the new tax credit, launched in the 2002 Budget, would benefit nine out of ten families, which along with an employment tax credit will replace the working families tax credit scheme.

The payment will see the tax credit being paid back to the mother, which Brown claimed will boost childcare.

Most mothers with one child will get £26.50 a week, while the poorest will get as much as £54 a week

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article