Regulations have now been laid before Parliament covering the scheme for the WFTC and the Disabled Person's Tax Credit to be paid to employees through the payroll from April 2000, the government said today.
Paymaster General, Dawn Primarolo, said today: `WFTC and DPTC are a major step forward in tackling the barriers many people face in moving into work - making work pay for low and middle income families with children and for people with disabilities.'
The new rules have been heavily criticised by small business representatives who complain that they will add significantly to the growing burden of red-tape on businesses.
`The regulations laid before Parliament today set out the rules for the payment of tax credits through the payroll from April We have from the outset regarded this method of payment as crucial in reinforcing the link between the tax credits and the rewards of work and the Inland Revenue has been consulting employer and payroll representatives since May 1998 with the aim of minimising any additional costs to employers.'
'These regulations reflect many of the comments received from the representative bodies and others during the consultation period earlier this year.'
The Tax Credits (Payment by Employers) Regulations 1999 (S. I. 1999 3219) will shortly be available from The Stationery Office and on the Inland Revenue's website www.inlandrevenue.gov.uk
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