No. If one spouse remains at home most or all of the time to mind the child then you may qualify for the Home Carer's Tax Credit. They are not tax credits but obviously you are entitled to claim Child Benefit and Early Childcare Supplement (for under 6's) SW payments. This thread might be of interest to you:
a mate is buying is currently looking to buy a house but is living temporarly in his girl friends house, they have 2 children, is he still entitled to the one parent family tax credit?
Hi Clubman, I see the credits for Home Carer, but both myself and my husband are working fulltime, so I take it there is no extra credits if we have a dependant child. Am I right?