BusinessCompany NewsBrown launches new family tax credit scheme

Brown launches new family tax credit scheme

Chancellor Gordon Brown has today launched two new tax credits which, he claims, will benefit nine out of ten families with children.

Link: Tax credits to cost employers £1bn

Backed by a multi-million pound advertising campaign, the child tax credit and working tax credit will replace a number of separate schemes, and for the first time will see money going directly to the carer, usually the mother.

Brown said: ‘Instead of a tax credit paid through the wage packet to the main earner, normally the father, we will pay the child tax credit directly in cash or through a bank account to the carer, usually the mother.’

The move will signal a transfer of up to £2bn from fathers to mothers.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor