Magazine article Public Finance

Vulnerable 'Mistreated' in Tax Credits Shake-Up

Magazine article Public Finance

Vulnerable 'Mistreated' in Tax Credits Shake-Up

Article excerpt

Hundreds of thousands of vulnerable claimants have been seriously mistreated' under the government s 'nightmare' new tax credits scheme, senior MPs have said.

A follow-up study of the credits fiasco by the influential Commons Public Accounts Committee, published on September 8, also concludes that the former Inland Revenue (now part of Revenue & Customs) 'has yet to produce reliable evidence that the flood of public money being wasted under the previous tax credits scheme through fraud and error has been stemmed to any degree'.

The IR replaced the Working Families and Disabled Persons Tax Credits with Child Tax Credit and Working Tax Credits in April 2003. Over 5.7 million families received credits in 2003/04 at a cost of £16bn, but a 2004 PAC report on the supposedly simplified system discovered 'severe problems', including massive overpayments and late payments for several hundred thousand claimants. …

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