child benefits were introduced in the uk in 1978.
child benefits were introduced in the uk in 1978.
when were child benefits introduced in the uk?
1978
the first modern child tax credit was introduced in the 1909 'people's budget' of lloyd-george. this introduced a £10 income tax allowance per child, for tax payers earning under £500 per annum. following extensive parliamentary debate, the budget became law as the finance act (1909–1910) 1910 on 29 april 1910. since the income tax rate was then 1 shilling, two pence in the pound (5.83%), the value of the tax credit was therefore 11 shillings and eight pence per child. since most people did not earn enough to pay tax, this was a subsidy for middle class parents. the nominal value of these tax credits were generally, though not always, increased in line with income tax rates. for instance, by 1916, income tax had increased to five shillings in the pound (25%), and the tax credit to £25, giving a value of the tax credit of £6 5 shillings.
child benefits in the united kingdom
child benefits introduced for the first time a universal payment, paid for each child, doubling the number of children within its scope. like the family allowance, which it replaced, the new benefit was not means tested; an attempt by the callaghan government to introduce this was thwarted in 1976 when cabinet papers were leaked to the child poverty action group.
child benefits in the united kingdom