Research Briefing
Tax Credit changes from April 2016
This note (published 15 October 2015) outlines what tax credits are, the changes announced in the Summer Budget 2015 and how these changes will be implemented. It also estimates what impact these changes will have for families in combination with other measures announced in the Summer Budget 2015, such as introduction of the National Living Wage, the increase to the Personal Allowance and freeze in Child Benefit. This page was updated on 29 October 2015 to included additional analysis of the impact on affected families (see attached spreadsheet).