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Tax credits rates for 2022/23

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26 January 2022
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HMRC has published the tax credits rates and allowances for the tax year 2022/23:

Child tax credit      
Family element 545   545
Child element (for each child) 2,935   2,845
Addition for disabled child 3,545   3,435
Severely disabled child enhancement 4,975   4,825
Working tax credit      
Basic element 2,070   2,005
Lone parent and couple element 2,125   2,060
30-hour element 860   830
Disability element 3,345   3,240
Severe disability element 1,445   1,400
Childcare element (up to 70% of costs) Weekly   Weekly
maximum eligible cost (1 child) 175   175
maximum eligible cost (2 or more children) 300   300
Income thresholds      
First income threshold 6,770   6,565
eligible for child tax credit only 17,005   16,480
Withdrawal rate 41%   41%
Income rise disregard 2,500   2,500
Income fall disregard 2,500   2,500

Issue: 1561
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