answer text |
<p>The Government is making changes to Tax Credits and Universal Credit which will
help put welfare spending on a more sustainable path. That means more emphasis on
support to hardworking families on low incomes by reducing income tax through increases
in the personal allowance and increasing wages, than on topping up low wages through
tax credits.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>HMT has published distributional
analysis information on the impact of the Summer Budget 2015 tax credit measures on
households. This information can be found here:</p><p> </p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443229/PU1822_Distributional_Analysis.pdf"
target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443229/PU1822_Distributional_Analysis.pdf</a></p><p>
</p><p> </p><p> </p><p>The government is focusing the tax credits system on those
who need it most. Prior to 2010, 9 out of 10 families with children in the UK were
eligible for tax credits The measures announced in the Summer Budget 2015 will result
in 5 out of 10 UK families being eligible for tax credits support.</p><p> </p><p>
</p><p> </p><p>The number of affected households and total reduction in credits to
households in Scotland is not available.</p><p> </p><p>HMRC publishes information
on families’ tax credit award within Scotland. The most recent available data is for
2013-14 and can be found here on gov.uk.</p><p> </p>
|
|