Tax Credits: Policy changes
In this section you will find information about tax credits policy changes.
Tax credits have undergone some fairly major changes in the last couple of years. The current policy section outlines changes to the system that were announced in the June 2010 emergency Budget, the October 2010 Comprehensive Spending Review, the 2011 Autumn statement and the 2012 Budget. These changes were implemented gradually from April 2011. It also outlines some existing policies that HMRC operate in relation to tax credits.
Information about changes to the system in 2013-14 and later years can be found in the future policy - tax credits section.
In October 2010, the Government announced that both working tax credit and child tax credit would be replaced by Universal Credit which is due to start in October 2013. You can find out more about the Welfare Reform Bill (now the Welfare Reform Act 2012), which introduces Universal Credit, in our future policy – welfare reform section.
Updated 29 March 2012