Mr Loughton has tabled an amendment to the Finance Bill to enshrine in law transferable tax allowances for married couples, to come into effect in 2015.
Transferable tax allowances available to all married couples or those in civil partnerships with at least one child below the age of five, were proposed by the Conservatives in 2010.
However, Mr Loughton says that more than three years on from the party’s manifesto commitment to bring in a transferable tax allowance, it appears no nearer and the patience of many hardworking home-based parents is being severely stretched.
He added, 'Time is running out to make good on our very clear commitment and the Report Stage of the Finance Bill presents one of the last opportunities to put this important measure on the statute book before the next election.'
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