From April, working parents will only be able to claim a maximum of 70 per cent of their childcare costs, down from 80 per cent under the current system.
A survey of 2,000 working mothers carried out by the Resolution Foundation in partnership with Netmums also found that nearly 80 per cent of respondents were unaware of the change.
One in five mothers (22 per cent) said they would have to give up work because of the increase in the cost of their childcare and 29 per cent said they would reduce their working hours to cope with childcare costs.
More than a quarter said that they would have to rely on informal childcare from family and friends to make up for the loss in tax credit.
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