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
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy