Children"s tax credit - Replaced by Child Tax Credit in April 2003, children"s tax credit is aimed at anyone with a child under 16, regardless of their marital status. The credit replaced the married couples allowance in April 2001 and is worth up to £545 per year.The tax credit has been criticised as "anti family" because a household in which one person stays at home to look after the children will be excluded if the other goes out to work and earns more than £50,000. By contrast, a household in which both work and each earn £30,000 - bringing total household income to £60,000 - will still be eligible.
Children"s tax credit : replaced by child tax credit in april 2003, children"s tax credit is aimed at anyone with a child under 16, regardless of their marital status. the credit replaced the married couples allowance in april 2001 and is worth up to £545 per year.the tax credit has been criticised as "anti family" because a household in which one person stays at home to look after the children will be excluded if the other goes out to work and earns more than £50,000. by contrast, a household in which both work and each earn £30,000 - bringing total household income to £60,000 - will still be eligible.
Children"s tax credit