Tax Credits

Treasury written question – answered on 4th May 2004.

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Photo of Steve Webb Steve Webb Shadow Secretary of State for Work and Pensions

To ask the Chancellor of the Exchequer if he will estimate the number of child tax credit awards that will be reduced following the finalisation of 2003–04 awards.

Photo of Ruth Kelly Ruth Kelly Financial Secretary, HM Treasury

Chapter 4 of "The Child and Working Tax Credits. Modernisation of Britain's Tax and Benefit System. Number 10", April 2002, provided estimates of the number of families whose Child and Working tax credit awards may need to be reassessed due to rises in income. This is available at www.hm-treasurv.qov.uk/Documents/Taxation Work and Welfare. No reliable estimates are available of the number of awards which will be reduced at finalisation.

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