TaxPersonal Tax11 APRIL 2000 WORKING FAMILIES’ TAX CREDIT AND FAMILY CREDIT

11 APRIL 2000 WORKING FAMILIES' TAX CREDIT AND FAMILY CREDIT

Quarterly tables for Working Families' Tax Credit (WFTC) and Family Credit (FC) for November 1999 are published today.

Quarterly tables for Working Families’ Tax Credit (WFTC) and Family Credit (FC) for November 1999 are published today. This is the first in the series since the introduction of WFTC. The tables include time series of the number and average value of awards; and details of awards current at 30 November 1999.

NOTES FOR EDITORS

Working Families’ Tax Credit (WFTC) replaced Family Credit (FC) from 5 October 1999. It is a tax credit available to families with children who are working at least sixteen hours a week.

These tables supersede those for FC published by the Department of Social Security, the last of which were for August 1999. They cover FC, as well as WFTC, as many awards of FC were still current at 30 November 1999. The same will be true for the tables for February 2000. For the tables covering May 2000 and later, FC will be included only in the historic figures.

The tables are published four months after the enquiry date to allow for all awards current at that time to be processed and entered onto the WFTC/FC system.

The tables previously published by DSS for FC covered Great Britain. Separate figures were published by the Northern Ireland Department of Health and Social Services. The tables for November 1999 cover the United Kingdom although, for comparison purposes, historical data up to and including November 1999 covering Great Britain are also included.

Families who did not hold FC awards could apply for WFTC awards to start from October 1999. Families previously with FC awards could apply for WFTC awards only on renewal, which could fall between October 1999 and April 2000. So WFTC awards current at 30 November 1999 are not representative of all WFTC awards that will be current after the last FC awards have ceased in April 2000. Although separate figures for WFTC and FC awards are presented for completeness, caution should therefore be exercised in making comparisons between the two types of award.

The detailed tables are available at the Inland Revenue web-site.

http://www.inlandrevenue.gov.uk/wftc under publications.

Working Families’ Tax Credit and To obtain paper copies contact:
Family Credit Inland Revenue Quarterly Tables United Kingdom Analytical Services Division November 1999 Telephone: 020 7438 6275 Price 5.00 pounds

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

3d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

4m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter