Inland Revenue - Tax policy Tax Policy

News and information about the Government's tax policy work programme, including:
- proposed changes to the laws that Inland Revenue is responsible for
- updates on the progress of bills through Parliament
- policy announcements

Parliament passes Budget 2014 parental tax credit changes

16 May 2014

Changes to the parental tax credit introduced in the Budget Measures (Financial Support for Newborn Children) Bill passed their final stages in Parliament today. The Taxation (Parental Tax Credit) Act 2014 now awaits Royal assent.