§ Mr. WebbTo ask the Chancellor of the Exchequer, pursuant to his answer of 9 November 1998,Official Report, column 104, on the operation of the working families tax credit, if it is envisaged that small firms will be able to claim a refund of working families tax credit before it is paid to their employees, where such firms expect that they will have insufficient tax and NIC payments against which to offset it. [59451]
§ Dawn PrimaroloEmployers will be able to apply to the Inland Revenue for funding as soon as they can show that the amount of tax credit they are due to pay to their employees will exceed the income tax and NICs collected. Provided they apply in time there is no reason why they should not receive the necessary funding before they have to make the tax credit payment.