New Clause 8: WELFARE REFORM AND WORK BILL (PROGRAMME NO. 3)
New Clause 8— Tax credit reforms
“The measures in this Bill and (Income Thresholds and Determination of Rates) (Amendment) Regulations 2015 relating to the award of tax credits and the relevant entitlement within Universal Credit shall not take effect until the Secretary of State has implemented a scheme for full transitional protection for a minimum of three years for all families and individuals currently receiving tax credits before 5 April 2016, such transitional protection to be renewable after three years with parliamentary approval.”—(Neil Gray.)