Tax Credits Act 2002 section 1

Introductory

Section 1 introduces the two tax credits created by the Act — child tax credit and working tax credit — and lists the earlier benefits and credits they replaced.

• The Act establishes two new tax credits: child tax credit and working tax credit.
• Throughout the Act, "tax credit" means either of these two credits, and "tax credits" means both of them together.
• Several earlier forms of support are abolished, including children's tax credit, working families' tax credit, and disabled person's tax credit.
• Child-related elements of income support and jobseeker's allowance, certain child dependency increases in social security benefits, and the New Deal 50plus employment credit are also abolished.