Commentary on Sections Part 1: Tax Credits Section 1: Introductory
40.This is an introductory section, which creates two new tax credits known as child tax credit and working tax credit (subsection (1)). It also sets out those elements of existing systems of support which are to be abolished and replaced by the new tax credits (subsection (3)). They are:
	the children’s tax credit;
	WFTC and DPTC;
	the child-related elements of income support and income-based jobseeker’s allowance;
	CDIs paid in certain non-means-tested benefits; and
	the New Deal 50plus employment credit.