Welfare Tax Credits: Self-employed

HM Treasury written question – answered on 2nd November 2015.

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Photo of Baroness Lister of Burtersett Baroness Lister of Burtersett Labour

To ask Her Majesty’s Government (1) how many, and (2) what proportion, of those affected by the cuts to tax credits due to take effect in 2016 are self-employed.

Photo of Lord O'Neill of Gatley Lord O'Neill of Gatley The Commercial Secretary to the Treasury

This information is not available.

This Government is committed to moving from a high welfare, high tax, low wage economy to a lower welfare, lower tax, higher wage society. As the Chancellor has made clear, the Government will set out at Autumn Statement how we plan to achieve the same goal of reforming tax credits, saving the money we need to save to secure our economy, while at the same time helping in the transition.

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