(1)Working families' tax credit and disabled person’s tax credit shall be under the care and management of the Board.
(2)Section 10 of the [1866 c. 39.] Exchequer and Audit Departments Act 1866 (gross revenues to be paid to Exchequer) shall be construed as allowing the Board to deduct payments for or in respect of tax credit before causing the gross revenues of their department to be paid to the accounts mentioned in that section.
(3)For the purposes of the [1890 c. 21.] Inland Revenue Regulation Act 1890, everything that relates to tax credit shall be taken to relate to inland revenue; and the expressions “in relation to inland revenue”, “Collector of Inland Revenue” and “Officer of Inland Revenue” shall be construed accordingly.
(4)The reference in section 4(1) of that Act (appointment of collectors, officers and other persons) to collecting, receiving, managing and accounting for inland revenue shall be taken to include a reference to paying and managing tax credit.
(5)The duties of the Board under section 13 of that Act (Board to keep accounts) shall include a duty to set forth in the accounts mentioned in that section—
(a)the amounts of the several payments made by them of or in respect of tax credit;
(b)the amounts of the expenses of paying and managing tax credit; and
(c)the amounts received by them in respect of tax credit,
distinguishing in each case between amounts relating to working families' tax credit and amounts relating to disabled person’s tax credit.
(6)In any declaration for the purposes of section 6 of the [1970 c. 9.] Taxes Management Act 1970 (declarations on taking office), whether made before or after the commencement of this section, the reference to an offence relating to inland revenue shall be taken to include a reference to an offence relating to tax credit.
(7)Section 163(2) of the [1922 c. 5.] Social Security Administration Act 1992 (sums to be paid out of money provided by Parliament) shall have effect subject to subsection (2) above.