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.

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