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Tax credits: Little credit

Is the Government's latest change to the tax credit system going to make much difference to childcarers or parents? Mary Evans reports

Is the Government's latest change to the tax credit system going to make much difference to childcarers or parents? Mary Evans reports

Changes to the tax credit system coming into force next month are designed to make it easier for more working parents to claim help with childcare costs. However, on current trends, childcare providers should not bank on an explosion in demand for childcare, with parents flocking to take advantage of this.

Launching a campaign to encourage families to claim the 2.7 billion available this year from the new Working Tax Credit and Child Tax Credit, Chancellor Gordon Brown described the changes as a 'revolution' in the tax and benefits system and said six million families would be eligible for support.

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